In a major milestone, Tether’s gold reserves now exceed 11.6 tons - worth more than $2.1 billion. This massive backing strengthens its XAU₮ token, which has seen substantial growth.
This surge in reserves follows a historic rise in gold prices and growing interest in tokenized assets.
The market cap of XAU₮ reached over $1.4 billion in Q3 and broke through the $2.1 billion mark in October.
According to Paolo Ardoino, the demand for tokenized gold has spiked, particularly from retail investors in emerging markets — a clear indication that gold-backed stablecoins are becoming a more attractive alternative to traditional investments.
As tokenized assets gain traction, the lines between traditional finance and DeFi continue to blur. The future of digital gold is here.
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