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Tether\u2019s latest attestation shows its Tether Gold token, XAU\u20ae, swelling to more than $3.3 billion in value on the back of a 36% quarterly jump in physical bullion reserves.<\/p>\n
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Tether\u2019s latest reserve data show that its Tether Gold token, XAU\u20ae, continued to grow in the first quarter of 2026, with the token\u2019s total market value now exceeding $3.3 billion and each unit backed 1:1 by physical gold held in custody.<\/p>\n
As of March 31, the gold underlying XAUT reached approximately 707,747 ounces, according to Tether\u2019s attestation reports and product disclosures, resulting in a total XAUT market value of about $3.303 billion.<\/p>\n
That compares with roughly 520,000 ounces backing the token at the end of 2025, implying a 36% quarter\u2011over\u2011quarter increase in bullion reserves as more investors rotated into gold\u2011linked tokens.<\/p>\n
Tether attributes the acceleration to \u201crecord-high gold prices and increased macroeconomic uncertainty,\u201d with recent commentary noting that XAUT demand has been driven by large investors, geopolitical tensions, and rising spot prices, all of which have historically boosted safe\u2011haven flows.<\/p>\n
Beyond XAUT itself, Tether has been expanding its aggregate gold exposure.<\/p>\n
Recent quarterly figures show that gold held within Tether\u2019s broader reserve portfolio \u2014 including backing for USDT \u2014 reached about $19.8 billion by the end of March, equivalent to roughly 132 tons of bullion and representing around 10% of total reserves.<\/p>\n
Together, the bullion underpinning XAUT (around 22 tons) and the gold in USDT reserves bring Tether\u2019s total gold position to roughly 154 tons, a level that places the company among the world\u2019s largest non-sovereign holders of the metal.<\/p>\n
In public remarks, Tether CEO Paolo Ardoino has said the firm aims to allocate \u201c10%\u201315%\u201d of its roughly $20 billion non-Treasury portfolio to physical gold, presenting the metal as a strategic hedge alongside its heavy exposure to U.S. government debt and bitcoin.<\/p>\n
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A recent crypto.news\u00a0overview<\/a>\u00a0highlighted how XAUT has evolved from a niche tokenized commodity into \u201ca fundamental defensive tool within the cryptocurrency sector,\u201d as whales use it to offset unrealized losses on more volatile assets.<\/a><\/p>\n Another crypto.news\u00a0analysis<\/a>\u00a0detailed Tether\u2019s purchase of more than 6 tons of gold in Q1 2026, pushing total holdings to 132 tons and reinforcing its role as one of the market\u2019s largest individual buyers.<\/a><\/p>\n