Overview
- XAUT’s market value has moved beyond $2 billion, reaching roughly $2.1 billion by late October as gold set new highs.
- Tether reports more than 375,000 fine troy ounces of bullion (about 11.6 tons) held in Switzerland backing the token on a 1:1 basis.
- The product is issued by TG Commodities under El Salvador’s digital‑asset framework, with London Good Delivery standards and redemption to a Swiss address.
- Tether CEO Paolo Ardoino cites surging retail demand in emerging markets and growing institutional interest as key drivers of the expansion.
- Sector data show a tokenized‑gold market near $3.72 billion in total value, with PAX Gold around $1.31 billion and further capacity reported for additional XAUT issuance.