The company disclosed that 246,524.33 XAUT tokens are currently in circulation. Tether Gold backs each token 1:1 with one troy ounce of gold, safely storing it in Swiss vaults. So far, it has sold 180,777.07 tokens, totaling $564.67 million in gold. The remaining tokens, worth around $205.37 million, are still available for purchase.
Tether calculated the total token value based on a gold price of $3,123.5 per ounce. This puts the full market value of XAUT at roughly $770.04 million.
The attestation now follows new regulations in El Salvador, where Tether Gold is officially regulated. The physical gold comes from suppliers certified by the London Bullion Market Association (LBMA).
Rising global tensions and fears of inflation have driven more investors toward gold. Tether noted that this uncertainty is pushing more users to choose assets like XAUT.
Recent data supports this trend. The World Gold Council reported record demand in late 2024. Central banks purchased over 1,000 metric tons of gold last year, including 332.9 metric tons in Q4.
A drop in the U.S. Dollar Index was also reported, helping push gold to a new high. XAUT followed this rise, reaching a record market cap of $853.7 million.
CoinGecko lists Tether Gold as the top tokenized gold asset by market size.
