{"id":24200,"date":"2025-04-28T16:47:14","date_gmt":"2025-04-28T16:47:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24200"},"modified":"2025-04-28T16:47:14","modified_gmt":"2025-04-28T16:47:14","slug":"tethers-770m-xaut-backed-by-7-7-tons-of-gold-in-swiss-vault-says-company","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24200","title":{"rendered":"Tether&#8217;s $770M XAUT Backed by 7.7 Tons of Gold in Swiss Vault, Says Company"},"content":{"rendered":"<div>\n<p>Tether\u2019s gold-backed stablecoin, Tether Gold (XAUT), reached a $770 million market capitalization as of April 28, according to the <a href=\"https:\/\/tether.io\/news\/tether-reports-xau%E2%82%AE-grows-amid-shifting-monetary-landscape-releases-its-first-attestation-for-q1-2025-more-than-7-7-tons-of-physical-gold-backing-the-token-in-circulation\/\">company&#8217;s first attestation<\/a> under El Salvador\u2019s financial regulations. <\/p>\n<p>&#8220;While central banks are stacking up hundreds of tons of gold, XAUt is set to become the standard tokenized gold product for the people and institutions,&#8221; Tether CEO Paolo Ardoino <a href=\"https:\/\/x.com\/paoloardoino\/status\/1916848614329983258\">posted<\/a> on X. <\/p>\n<p>The token is backed 1:1 by 246,523.33 ounces \u2014 over 7.7 tons \u2014 of physical gold stored in a dedicated Swiss vault, said Tether.<\/p>\n<p>Each XAUT token represents one troy ounce of LBMA-certified gold. Tether said it applies strict controls, including gold bar verification and periodic audits, to maintain trust in the token\u2019s backing. <\/p>\n<p>The attestation comes at a time when global investors are increasingly turning to gold as a hedge against economic instability and rising geopolitical risks. <\/p>\n<p>Central banks, particularly across BRICS nations, have been buying gold at record levels, accumulating over 1,044 metric tons in 2024 alone, according to the World Gold Council.<\/p>\n<p>The yellow metal has touched numerous record highs in 2025 amid an ongoing rally that&#8217;s seen its price gain about 27% year-to-date. It&#8217;s currently trading at $3,343 per ounce, having more than doubled since November 2022. <\/p>\n<p>Tether emphasized that unlike other tokenized gold products, XAUT is physically backed and regulated, positioning it as a safer option for users wary of &#8220;paper gold&#8221; exposure.<\/p>\n<p><em>Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk\u2019s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tether\u2019s gold-backed stablecoin, Tether Gold (XAUT), reached a $770 million market capitalization as of April 28, according to the company&#8217;s first attestation under El Salvador\u2019s financial regulations. &#8220;While central banks are stacking up hundreds of tons of gold, XAUt is set to become the standard tokenized gold product for the people and institutions,&#8221; Tether CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24200","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24200"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24200\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}