Tether Gold's gold reserves grow 59% year-to-date, XAUT total reserve value hits record $3.44 billion

November 4 - Tether today released data showing that as of the end of Q3 2026, the physical gold reserves backing Tether Gold (XAU₮) increased to 827,418 ounces, approximately 25.7 tons, up 59% from 16.2 tons at the end of 2025, with total market capitalization reaching $3.44 billion, a record high.

During the same period, XAUT circulating supply maintained a 1:1 correspondence with physical gold reserves, with each token backed by 1 troy ounce of physical gold. Since the beginning of the year, user holdings have grown 73%, accumulating over 9 tons of additional gold exposure. The reserve gold is stored in Switzerland, compliant with London Good Delivery standards, currently holding a total of 2,057 gold bars.

Tether CEO Paolo Ardoino stated that despite significant volatility in the gold market this year, holders have continued to increase their XAUT positions, reflecting long-term market demand for gold. He also cited World Gold Council estimates that the digital gold market could unlock approximately $700 billion in potential demand.