Overview
- ADGM recognized Tether Gold (XAUT) as an Accepted Spot Commodity on Monday, July 20, 2026, allowing licensed firms in the financial center to offer XAUT services only if they obtain the specific regulatory approvals required by the ADGM framework.
- Tether Gold is a token that represents one fine troy ounce of allocated London Good Delivery gold per token and is issued on Ethereum and Tron, with bullion reported held in secure vaults mainly in Switzerland.
- Demand for XAUT has surged over the past year, with total value locked rising to about $2.86 billion, a jump that places the token among the largest instruments in the tokenized commodities market.
- Commercial integrations and plans are expanding use cases for XAUT, with Ledn announcing it plans to accept the token as loan collateral later this year and Tether investing in payments and regional banking projects such as Pact Labs and Ualá.
- Regulatory divergence remains important to watch because ADGM’s designation does not affect U.S. permissions and uncertainties over how the GENIUS Act will apply to foreign‑issued stablecoins like USDT could shape Tether’s access to U.S. platforms.