Tether Gold, Market cap exceeded 1 trillion won… Emphasizing trust based on real gold

The gold-backed stablecoin Tether Gold (XAUT) issued by Tether exceeded a market capitalization of 770 million dollars (about 1.1 trillion won) as of the 28th (local time). This is based on the official proof first submitted by Tether in accordance with El Salvador's financial regulations.

Paolo Ardoino, Tether CEO, stated, "While central banks are stockpiling hundreds of tons of gold, XAUT will become a standard tokenized gold product for both general investors and institutions." Tether emphasized that this token is backed 1:1 by real gold, 246,523.33 ounces (over 7.7 tons), securely stored in a Swiss vault.

One XAUT token corresponds to one troy ounce of gold certified by the London Bullion Market Association (LBMA). Tether added that it applies a rigorous management system, including bullion verification and regular audits, to enhance token credibility. Unlike other tokenized gold products, XAUT actually holds physical gold and meets regulatory standards, providing a safer alternative for investors concerned about the risks of 'paper gold' forms.

Currently, the global demand for gold investment is steadily increasing. According to the World Gold Council, central bank purchases of gold, particularly among BRICS countries, are at record levels, with an additional 1,044 tons of gold expected to be accumulated this year alone. Gold prices continue to rise, increasing by over 27% entering 2025, and are currently trading at 3,343 dollars per ounce. This is a more than twofold increase since November 2022.

Tether strongly emphasized that XAUT is directly backed by physical gold, stating its stance to provide a reliable option to investors seeking alternatives in gold investment amid uncertain global economic conditions.