Tether Releases XAUT Audit Confirming 7.7 Tons Gold Backing
- Tether’s XAUT is fully backed by 7.7 tons of gold.
- Gold storage is securely maintained in Switzerland.
- BDO Italy confirmed Tether’s gold holdings.
Tether Releases Audit Report on Tether Gold (XAUT) Tokens
Tether released an audit report on April 28, 2025, validating that its Tether Gold (XAUT) tokens are fully backed by over 7.7 tons of physical gold stored in a Swiss vault.
XAUT’s confirmation boosts investor confidence in gold-backed tokens amid economic uncertainties and rising gold investments.
XAUT Backing and Market Impact
The first attestation report by Tether, published on April 28, 2025, confirms that each XAUT token is backed by physical gold, totaling 7.7 tons. Stored securely in Switzerland, the gold solidifies XAUT’s market position.
CEO Paolo Ardoino highlighted the milestone, stating that the tokenized gold product has seen substantial growth. BDO Italy, as the auditor, confirmed the gold reserves, bridging blockchain efficiency with traditional asset security.
“With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferable, and backed 1:1 by fully held gold reserves. It’s part of our broader commitment to building financial tools that combine the best of traditional assets with the efficiency of blockchain technology.” — Paolo Ardoino, CEO of Tether
Global Economic Alignment
With gold’s performance in 2025 reaching record highs, Tether’s XAUT resonates with global investors seeking economic stability amidst geopolitical tensions. The market cap for XAUT stood at $770 million, indicating robust demand.
The introduction of XAUT aligns with increasing gold acquisitions by central banks, especially among BRICS nations. Tether’s initiative offers a secure digital alternative to traditional gold investments.
Regulatory and Financial Implications
Potential financial outcomes of XAUT’s audit include increased trust in tokenized asset products, influencing broader adoption. Regulatory frameworks also see alignment as Tether adheres to evolving compliance standards, notably in El Salvador.
