Tether’s tokenized gold product, Xaut, has released its first official certificate, which shows that his total background is 246,523,33 ounces, equal to more than 7.7 tons of gold.
According to a April 28 rackXaut costs $ 3,123.57 per token and has a total market capitalization of $ 770 million. The Token reached a record high of $ 3,423 on April 21, which represents an increase of 9.6% since the end of the first quarter.
Tether described Xaut as the leading product in the tokenized gold sector based on market size, security standards and compliance with the regulations. The company stated that the certificate is an important step in strengthening the transparency of the project and long -term appeal to institutional and retail investors.
Rising gold question bolsters tether xaut
According to Tether, the growing global instability has reinforced the demand for gold, which has unintentionally increased the interest in Xaut.
During the first quarter of 2025, the Stablecoin emittent noted that the global economic uncertainty, escalating geopolitical risks and the fear of new trade barriers led investors to seek safer assets. This climate helped the rising market capitalization of Xaut to new highlights.
Moreover, Gold itself delivered a striking performance during the reporting period.
Analysts at the Kobeissi letter noted These gold prices have surpassed the S&P 500 with 32.6% years to date, which marks the most important divergence since 1975.
The analysts also noted that the gold prices set 26.5% this year, while the S&P 500 has fallen by 6.1%. This trend positions gold for its second consecutive year of better performance of the stock market.
Further supporting Gold’s Momentum, central banks worldwide increase their golden companies. The precious metal accounts for around 18% of the worldwide international reserves, the highest level in 26 years. China has made a leading contribution and has doubled its Gold Reserve share since the beginning of 2023 to 7.1%.
Tether focuses on emerging markets
Tether CEO Paolo Ardoino unveiled That the company intends to expand the reach of Xaut, especially in emerging markets.
According to him:
“With Xaut we offer users the opportunity to gain access to the security of physical gold in a digital form – certainly, easily transferable and with 1: 1 supported by full gold reserves. It is part of our broader dedication to building financial tools that combine the best of traditional activities with the efficiency of blockchain technology.”
This suggests that the company intends to play Xaut a similar role as USDT in emerging markets.
USDT acts as a digital dollar for more than 450 million users worldwide and has a market capitalization of more than $ 147 billion, according to CryptoSlate’s facts.
