Tether Gold Reserves Reach 827,418 Ounces
Tether's gold-backed token reserves grew 59% since year-end 2025, with the gold stored in Switzerland.
Updated on Nov. 5, 2026 in Saving
Tether reported that physical gold reserves backing its Tether Gold (XAUT) token reached 827,418 troy ounces on September 30. The figure is 59% above the 520,089 ounces held at the end of 2025.
Why it matters
Each XAUT token represents one troy ounce of physical gold, so the reserve total matches tokens in circulation and gives holders a verifiable backing. The growth reflects continued issuance tied to demand for gold-linked digital assets.
Reserves are held as 2,057 bars of 12.5 kilograms each in Switzerland and meet the London Bullion Market Association's good-delivery standard. About 709,000 XAUT tokens have been sold, with roughly 118,000 still available for sale.
The players
Tether
Tether is the issuer of the USDT stablecoin and the XAUT gold-backed token, and it publishes periodic reserve attestations.
The details
Tether issued $494.57 million in XAUT on September 29, and the reserve snapshot published the following day recorded 766 bars added this year. The gold backing the tokens is stored in Switzerland and meets the London Bullion Market Association's good-delivery standard.
Timeline
December 31, 2025: Year-end reserves stood at 520,089 ounces.
September 29, 2026: Tether issued $494.57 million in XAUT.
September 30, 2026: Physical gold reserves reached 827,418 troy ounces.
Market Dynamics
Gold-backed tokens like XAUT tie digital asset supply directly to physical bullion held in vaults, a structure that differs from fiat-backed stablecoins. The reserve growth reflects investor interest in tokenized gold as an alternative to holding bullion directly.
For holders, each XAUT token is redeemable against one troy ounce of physical gold, so its value tracks the gold price rather than a fiat currency. Readers considering gold exposure should weigh storage, custody, and redemption terms before buying tokenized gold.
The takeaway
Tokenized gold offers exposure to physical bullion with on-chain transferability, but holders depend on the issuer's reserve reporting and custody arrangements. Comparing those terms against owning gold directly helps clarify the trade-offs.
Further reading
Explore more on Saving to see how gold-backed assets fit into long-term savings strategies.
Source note: This article includes information reported by TokenPost.
