Tether Gold Hits $2,100,000,000 Milestone Amid Soaring Precious Metal Prices
Tether’s digital asset backed by physical gold reserves just surpassed $2 billion in market value, solidifying its position as the top tokenized gold asset.
By the end of Q3, the company says Tether Gold’s (XAUT) market cap hit $1.44 billion, and then surged to nearly $2.1 billion in the following week.
Managed by TG Commodities S.A. de C.V. in El Salvador, XAUT holds 375,572.297 fine troy ounces of physical gold reserves as of September 30th.
This backs 375,572.247 tokens in circulation on a 1:1 basis with reserves of over 11.6 tons stored in Switzerland under London Good Delivery standards.
Says Tether CEO Paolo Ardoino,
“Tether Gold proves that real-world assets can thrive on-chain without compromise. With gold prices at all-time highs and institutional interest in tokenized assets growing, XAUT represents the future of asset ownership, where physical security meets digital freedom.”
Gold’s 2025 rally, driven by persistent inflation and geopolitical tensions, brought the price of the precious metal to $4,379 per troy ounce on October 17th
At time of publishing, the price has pulled back to $3,952, marking a 3.10% increase over the last month and a substantial 42.42% rise year-to-date.
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As artificial intelligence reshapes various sectors, regulatory bodies strive to keep pace
- C3 AI faces strategic uncertainty after CEO Thomas Siebel's health-related exit, with shares down 54% YTD amid a $116.8M Q1 2025 net loss. - Solowin and 4Paradigm partner to develop AI-driven blockchain compliance tools, addressing crypto sector regulatory challenges through real-time risk profiling. - Global Energy Management Systems market projected to grow from $56B to $219.3B by 2034, driven by AI-enabled predictive analytics and smart grid adoption. - AI sector M&A remains active, with Clearlake acq
Cash-Heavy Amazon Takes on $12B in Debt: AI Competition Drives Tech Titans to Borrow
- Amazon plans to raise $12B via bonds to fund AI/data center expansion, its first major issuance since 2021. - JPMorgan projects AI-related capex will hit $150B by 2026, straining cash flow despite $84B in reserves. - Tech giants increasingly rely on debt financing as AI investments outpace organic cash generation. - JPMorgan forecasts $1.5T in new tech bonds over five years, signaling a "generational shift" in corporate finance.
Bitcoin Updates: Institutions Access Crypto Without Rollover Hassles Through Cboe’s Latest Futures
- Cboe launches Bitcoin/Ether Continuous Futures on Dec 15, offering U.S.-regulated perpetual crypto exposure with no rollover needs. - Contracts trade 23/5, settle via CFTC-regulated Cboe Clear U.S., and use Kaiko rates for transparency in fragmented markets. - Products address institutional demand for long-term crypto access, competing with offshore "bucket shops" through regulatory oversight. - Cboe emphasizes streamlined risk management and cross-margining with existing FBT/FET futures to enhance capit
Japan Tackles Creative Fatigue While U.S. Investors Shift Tech Investments Due to AI Market Fluctuations
- Japan's government targets creative sector overwork under "Cool Japan" strategy, aiming to quadruple overseas content sales to ¥20 trillion by 2033. - U.S. investors reshaped 2025 Q3 portfolios, with Coatue and Duquesne Family Office shifting stakes in AI firms and tech giants amid market volatility. - Philip Morris attracted mixed investment despite weak financial metrics, with $104M inflows contrasting Coatue's full exit and high payout risks. - Divergent approaches highlight global economic trends: Ja
Trending news
MoreCrypto prices
More
