Tether has deployed XAUT, the largest gold Token on the market with a market Capital of $2.5 billion, onto the BNB Chain, expanding its reach to hundreds of millions of users within the Binance ecosystem.
Tether has just launched its gold-backed Token XAUT onto the BNB Chain, marking a significant expansion in the accessibility of the market-leading Tokenize gold product. This move comes as the precious metal has just experienced a strong bull run before a correction.
XAUT is currently the world's largest gold Token with a market Capital of approximately $2.5 billion, accounting for nearly half of the total gold Tokenize market, which is around $5.3 billion according to CoinGecko data. Paxos' PAX Gold is close behind with a market Capital of approximately $2.3 billion.
Each XAUT Token represents one ounce of standard troy physical gold, stored in vaults in Switzerland as London Good Delivery certified gold bars with a 1:1 collateral ratio, confirmed by independent attestation reports. As of the end of 2025, Tether holds over 520,000 ounces of gold according to the latest attestation reports.
BNB Chain opens doors to physical gold, Binance Transaction Triggers .
The deployment on the BNB Chain connects XAUT to Binance's vast user ecosystem. The exchange has opened spot trading for XAUT pairs against USDT, Bitcoin, FDUSD, USDC , and TRY, a diverse list of trading pairs reflecting efforts to integrate Tokenize gold into the mainstream trading flow.
Tether CEO Paolo Ardoino emphasized that XAUT does not change the nature of gold but makes it functional within the modern financial system, allowing users to retain direct access to physical gold while simultaneously enjoying instant transferability, global payments, and seamless integration with digital markets.
He argued that joining the BNB Chain expands access to hundreds of millions of users, transforming gold from a passively held asset into a tangible, usable asset.
The timing of this development is noteworthy, as gold prices peaked above $5,500 at the end of January before sharply correcting to around $4,442, equivalent to a nearly 15% drop over the past month. Despite this, market sentiment remains quite positive, with a 64% probability on the Myriad forecasting platform that prices will recover to $4,900 instead of falling to $3,700.
The announcement about XAUT comes in the same week that Tether also revealed for the first time that it has selected a Big Four auditing firm to conduct a comprehensive independent audit of USDT reserves, the world's largest USD Peg stablecoin with a market Capital of $184 billion and daily volume exceeding $64 billion.
These two moves in the same week show that Tether is stepping up its efforts to build transparency and expand its product portfolio, a parallel strategy amid increasing regulatory pressure on the global stablecoin industry.
