Tether Releases Audit Report Results for Gold-Backed Altcoin XAUT
Tether has released its Q3 2025 validation report for its gold-backed token, Tether Gold (XAUT). The report states that each XAUT token is fully backed by physical bullion stored in Switzerland.
According to a report prepared by El Salvador-based TG Commodities SA de CV, Tether's reserves stood at 375,572 ounces of pure gold as of September 30. This amount, based on the end-of-quarter reference price, is valued at approximately $1.44 billion. The company has 522,089 XAUT tokens in circulation, while 139,751 are available for sale.
With the recent surge in gold prices, XAUT's market capitalization has reached $2.1 billion, more than doubling from its August level of less than $850 million.
Tether CEO Paolo Ardoino stated, “Tether Gold proves that real-world assets can thrive on-chain without any compromises.” Ardoino argued that record gold prices and the growing interest of institutional investors in tokenization projects present a major opportunity for XAUT.
Tether Gold and its competitor, PAX Gold, account for 90% of the total $3.7 billion tokenized gold market. XAUT has become one of the largest real-world asset (RWA) products on-chain. The tokenization trend is a growing topic among financial institutions and regulators, with U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stating that tokenization is currently a “major focus” for the agency.
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
Romania Prohibits Polymarket, Referencing Gambling Regulations Due to "Event Trading" Allegations
- Romania's ONJN banned Polymarket for operating unlicensed gambling services, citing state monopoly laws and $600M+ in election-related bets. - Regulators classified the platform as a "counterparty betting system," violating player protection, AML rules, and tax obligations. - Belgium, France, and Poland joined enforcement actions, with EU regulators affirming blockchain prediction markets fall under gambling laws. - Despite a $112M CFTC-licensed acquisition in the U.S., Polymarket remains unlicensed in E
Butterfly's AI Initiatives Boost Revenue by 5%, Yet Net Loss Climbs to $34 Million
- Butterfly Network's Q3 2025 revenue rose 5% to $21.5M, but net loss widened to $34M due to $17.4M inventory write-down and higher operating expenses. - Strategic AI advancements, including the P5.1 and Apollo AI chips, and a lung tool reducing hospital stays by 30% drove growth despite seasonal softness. - The company reaffirmed $91M–$95M revenue guidance but narrowed adjusted EBITDA loss to $32M–$35M, citing enterprise sales headwinds and subscription churn. - Federal government shutdown risks deal timi
Solana News Update: How Mutuum Finance’s Robust Security and Strategic Approach Draw Over $100K in Whale Investments
- Mutuum Finance (MUTM) raises $18.2M in presale, with Phase 6 tokens priced at $0.035, drawing comparisons to Solana's 2021 growth trajectory. - Phased pricing strategy drives 80% Phase 6 sales, with whale investments exceeding $100K weekly and projected 500% price appreciation by public launch. - Hybrid P2C/P2P lending model and 90/100 CertiK audit score strengthen security, while Chainlink oracles and Layer-2 plans aim to reduce risks and costs. - Projected $20M total funding by Phase 6 completion highl
XRP News Today: As the crypto market evolves heading into 2025, investors are focusing on digital asset projects that promise substantial returns
- MoonBull ($MOBU) presale secures $450K from 1,500 investors, projecting 9,256% ROI by listing. - XRP rises 2% to $2.51 amid ETF optimism and Ripple’s 1B XRP unlock on Nov 1. - Bitcoin Cash gains traction with low fees and scalability upgrades, attracting inflation-prone regions. - 2025 crypto market shifts focus on structured growth models and real-world utility, reshaping investor strategies.
Trending news
MoreCrypto prices
More
