Tether has released its first report for the gold-backed stablecoin XAUT, one of the most talked-about topics of recent times!

Tether’s gold-backed stablecoin XAUT has closed the first quarter of 2025 with a reserve of 7.7 tons of gold, according to a company announcement made today.

Tether claimed that the market value of XAUT, launched in 2020, has solidified its position as a leading tokenized gold product in terms of security and compliance. According to the data claimed in the report, the stablecoin is backed by 246,523 ounces of physical gold.

The company stated in the report that this documentation is the first report for the audit of XAUT. According to the report, by the end of the first quarter of 2025, the market value of XAUT was 770 million dollars, and each token was priced at approximately 3,123.57 dollars. Tether also noted that XAUT reached an all-time high of 3,423 dollars on April 21, 2025, marking a 9.6% increase since the close of the first quarter.

In the Tether report, it stated, “Every XAUT in circulation is backed by an equivalent ounce of pure gold.”

Tether CEO Paolo Ardoino stated, “Tether Gold continues to demonstrate the strength and resilience of gold as a store of value, especially during times of economic uncertainty,” and added: “With XAUT, we offer users access to the security of physical gold in a digital form, supported 1:1 by secure, easily transferable, and fully backed gold reserves. This is part of our broader commitment to creating financial instruments that combine the best of traditional assets with the efficiency of blockchain technology.”