Tether’s Gold Supported StableCecoin, Tether Gold (Xaut), reached a market value of $ 770 million from April 28, according to the company’s first attestation under El Salvador’s financial rules.

“While central banks are stacking hundreds of tons of gold, Xaut is set to become the standard -rooted gold product for the people and the institutions,” Tether CEO Paolo Ardoino has posted on X.

The token is supported 1: 1 with 246,523.33 ounces – over 7.7 tonnes – physical gold stored in a dedicated Swiss vault, Tether said.

Each Xaut-token represents a Troy ounce of LBMA certified gold. Tether said that strict controls, including verification of gold beams and periodic revisions, to maintain confidence in the symbol’s support.

The attitude is coming at a time when global investors are increasingly turning to gold as a hedge towards economic instability and rising geopolitical risks.

Central banks, especially across BRICS nations, have purchased gold at record levels and accumulated over 1,044 tonnes in 2024 alone, according to World Gold Council.

The yellow metal has touched several record heights in 2025 in the middle of an running rally that has seen its price increase about 27% years to date. It is currently shopping for $ 3,343 per day. Ounce, which has more than doubled since November 2022.

Tether emphasized that unlike other tokenized gold products, Xaut is physically supported and regulated, placing it as a safer option for users who are aware of “paper gold” exposure.

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