Tether Launches the Largest Gold-Backed Stablecoin XAUT in New Regulatory Framework

Tether introduces a new gold-backed stablecoin, XAUt0, launching initially on the TON network. The Tether Gold stablecoin is pegged to gold prices similarly to how Tether's main token, USDT, is pegged to the dollar. Each XAUT token is backed by three ounces of physical gold. Tether has announced that the stablecoin is now officially regulated under Salvadoran law, with the first reserve report covering the first quarter of 2025 released in compliance with local legislation. The company has disclosed a reserve report for Tether Gold (XAUT), which is backed by the gold price. The issuer states that each XAUT is backed by 7.7 tons of gold in LBMA-standard gold bars stored in a Swiss depository. With a market capitalization around $800 million, XAUT is currently the largest gold-backed stablecoin. The company emphasizes that the primary metric of interest is the physical gold backing, not the token's volatile market price.