Tether now owns 7.7 tons of gold

Each XAUT token is backed one-to-one by an ounce of physical gold from London Bullion Market Association (LBMA) gold bars, which are stored in a dedicated vault in Switzerland

Tether released an attestation report for the first quarter of 2025, showing that its vaults hold 246,523.33 ounces of gold, equal to 7.7 tons

The price of Tether Gold stands at $3,350, up 43% from $2,342 a year earlier. XAUT's market capitalization at the end of March amounted to $770M, showing how quickly the price of gold is rising in the current volatile economy

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