Tether announces $770 million worth of physical gold as backing for the XAUT stablecoin.
The Gold Behind Your Cryptocurrency: Tether's XAUT
Tether, the company behind popular stablecoins like USDT, recently announced that it holds $770 million worth of gold bullion reserves backing its Tether Gold (XAUT) stablecoin. XAUT, launched in 2020, is a digital asset pegged to the price of one ounce of physical gold.
Each XAUT token promises direct ownership of gold bars held securely in Swiss vaults. According to Paolo Ardoino, Tether's CEO, XAUT is a financial tool that combines the security of physical gold with the efficiency of blockchain technology. The new disclosure comes as the cryptocurrency industry faces scrutiny over stablecoin reserve transparency.
While the specific location of the vaults hasn't been disclosed due to security concerns, Tether reports that third-party audits ensure the gold reserves match the number of XAUT tokens in circulation. In March 2025, Tether announced a new CFO and committed to completing a full audit.
In response to ongoing questions about XAUT's reserves, Tether will continue to provide updates regarding its gold holdings and secure storage. To get the latest news and updates, visit The Daily Hodl.
Business News Flashes
- Bitcoin Seoul 2025 Welcomes Elite Industry Leaders for Asia's Biggest Crypto Conference
- FLOKI and Rice Robotics Launch AI Companion Robot with Token Rewards
- Argentina Football Association Partners with STEPN for Exclusive NFT Drop
- BYDFi and Ledger Launch Limited-Edition Hardware Wallet in Dubai
- Grindery Unveils Wallet Infra for AI-Powered Agents
- Common Releases First Privacy Web App with Fast Proving Times for Arbitrum and Aleph Zero EVM
- Falcon Finance Improves Transparency with Latest Update
Exploring the Future of Finance
Our coverage dives into the future of finance, including macro trends, bitcoin, ethereum, crypto, web 3, and more. Follow our journey through our categories:
- Bitcoin
- Ethereum
- Altcoins
- Futuremash
- Financeflux
- Blockchain
- Regulators
- Scams
- HodlX
Stay informed, engaged, and ahead of the curve with the latest insights, trends, and updates in the world of finance.
Copyright © 2017-2025 The Daily Hodl. Stay connected on Telegram, Facebook, and Twitter for the latest news and analysis. Don't miss out on our email alerts - subscribe to get updates delivered directly to your inbox. Stay focused, and check our Price Action, The Daily Hodl Mix, and more on our platform.
- At Bitcoin Seoul 2025, industry leaders gather for Asia's largest cryptocurrency conference, exploring the future of digital assets such as bitcoin, ethereum, altcoins, and blockchain.
- The partnership between FLOKI and Rice Robotics has led to the launch of an AI companion robot, offering token rewards to users as part of the evolving crypto landscape.
- The Argentina Football Association has partnered with STEPN for an exclusive NFT drop, combining traditional sports with the growing worlds of crypto and web 3.
- BYDFi and Ledger have launched a limited-edition hardware wallet in Dubai, providing enhanced security for users involved in the crypto space.
- Grindery recently unveiled wallet infrastructure for AI-powered agents, aiming to streamline the user experience in the ever-evolving crypto industry, underscoring the need for transparency in financial transactions – a sentiment especially relevant in light of ongoing questions about Tether's XAUT reserves.
