Tether announced that it purchased approximately 27 tons of gold in the fourth quarter of 2025 and that the current value of this asset has reached $4.4 billion.
With this growth, the company’s gold-backed stablecoin, XAUT (Tether Gold), has surpassed the $4 billion mark in total market capitalization, controlling over 60% of the gold-backed stablecoin market.
According to an assessment shared by Tether, the total market value of gold-backed stablecoins grew from $1.3 billion to more than $4 billion in 2025. This rapid expansion was driven by record gold prices, geopolitical uncertainties, and a shift by institutional and digital investors toward on-chain, “safe haven” assets. As the announcement period approached, the rise in spot gold prices above $5,000 per ounce signaled a further strengthening in global demand for physical gold.
As of December 31, 2025, Tether Gold held 520,089.35 troy ounces of physical gold reserves, according to data verified by TG Commodities SA de CV, a stablecoin issuer and digital asset service provider registered in El Salvador. The company claims that each of the 520,089.30 XAUT tokens in circulation is backed by one troy ounce of physical gold in a 1:1 ratio. With an estimated total market capitalization of $2.25 billion, a significant portion of the tokens have already been sold. According to the company, all of the reserve gold is held in the London Good Delivery vaults of the London Bullion Market Association in Switzerland.
According to data from the International Monetary Fund (IMF) and a Jefferies report released in late 2025, Tether is now among the top 30 gold holders in the world, surpassing countries like Greece, Qatar and Australia.
*This does not constitute investment advice.
