Stablecoin giant Tether announced that its gold tokenized product, Tether Gold (XAU₮), increased its gold holdings by approximately 27 tons through Tether Gold Investments in the fourth quarter of 2025, propelling it into the top 30 of global gold holders. XAU₮'s market capitalization also surpassed $4 billion, continuing to dominate the gold-backed stablecoin market.
The gold tokenization market is expanding rapidly.
Tether points out that the gold stablecoin market grew rapidly in 2025, with its total market capitalization increasing from approximately $1.3 billion to over $4 billion. This growth benefited from record-high gold prices, geopolitical tensions, and increased demand for safe-haven assets from institutional and digital native investors. Tether emphasizes that Tether Gold dominates this market, accounting for approximately 60% of the total gold stablecoin supply in both issuance and circulation.
In Q4, the company increased its gold holdings by 27 tons, ranking among the top 30 holders globally.
Tether further stated that Tether Gold Investments (including Tether International Limited and TG Commodities Limited) added approximately 27 tons of gold in the fourth quarter of 2025, bringing its total reserves to 520,089.35 troy ounces. According to reports from the IMF and Jefferies, Tether's gold holdings have surpassed those of countries such as Greece, Qatar, and Australia, placing it among the world's top 30 gold holders.
Tether CEO Paolo Ardoino stated, "Through Tether Gold, we have reached a scale comparable to national gold holders. Each XAU₮ represents a physical vault of gold that can be verified on-chain, providing investors with reliable and secure asset protection."
Strict 1:1 gold backing and transparent issuance
Tether reiterates that Tether Gold remains 1:1 backed by physical gold and provides daily transparency updates. Its gold reserves are held in Switzerland and fully comply with the London Bullion Market Association (LBMA) London Good Delivery standards. XAU₮ offers not only liquidity and portability but also transparency and security, providing investors with a tokenized solution for directly holding physical gold.
