Tether Gold protocol
Overview
Tether Gold (XAUT) is a gold-backed token issued by Tether in which each token represents one fine troy ounce of physical gold held in Swiss vaults as London Good Delivery bars, at 99.99% purity. The vaults are audited and insured, and reporting describes them as guarded by the Swiss Army. Backing is 1:1 and verified by independent attestation: Tether publishes quarterly reserves reports for XAUT reviewed by BDO Italia, confirming at least one fine troy ounce of vaulted gold for every token in circulation — one attestation matched 375,572.297 fine troy ounces of physical gold to 375,572.247 XAUT outstanding. Tether reported holding over 520,000 troy ounces of gold as of the end of 2025, and in April 2025 said XAUT's roughly $770 million of tokens were backed by 7.7 tonnes of gold in a Swiss vault. XAUT's market capitalisation reached $2 billion, close to 54% of the $3.71 billion tokenised-gold market, and it has been expanded to additional chains including BNB Chain. Tether launched XAUT as a gold-backed token redeemable against allocated physical gold in Swiss vaults, with quarterly attestations from BDO Italia. Holdings grew from about 7.7 tonnes backing $770 million of tokens (April 2025) to over 520,000 troy ounces by end-2025, and market capitalisation passed $2 billion. Tether later expanded XAUT to BNB Chain.
Within the DeFi Intel graph, Tether Gold connects to 10 tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 10 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Polygon | 95% |
deployed_on | Avalanche | 95% |
deployed_on | Monad | 95% |
deployed_on | Celo | 95% |
deployed_on | Plasma | 95% |
deployed_on | Ink | 95% |
supports_token | XAUt | 95% |
audited_by | SlowMist | 70% |
Frequently asked questions
What is Tether Gold?
Tether Gold is a rwa tracked in the DeFi Intel knowledge graph. It is connected to 10 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
What type of entity is Tether Gold?
Tether Gold is classified as a rwa (protocol) in the DeFi Intel knowledge graph.
What is Tether Gold connected to?
In the DeFi Intel knowledge graph, Tether Gold is linked to 10 other tracked entities, most strongly to Ethereum, Arbitrum, Polygon.
Live news feed, full graph, and search.