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Tether Gold Market Capitalization Surpasses $3.3 Billion as Reserves Reach 707,747 Ounces

According to Tether, XAUT’s physical gold reserves rose 36% to 707,747.139 troy ounces, with more than 700,000 tokens in circulation and the bullion stored in Switzerland on a 1:1 basis.

XAUT

Fact Check
The claim is strongly supported by multiple converging sources. The official Tether newsroom (tether.to/en/news) published a May 4, 2026 article explicitly confirming the $3.3B market cap and 36% Q1 2026 reserve surge. The official gold.tether.to site confirms the $3.2B+ market cap and 22,168.93 kg of gold in Swiss vaults (mathematically consistent with ~707,747 troy ounces). The crypto.news article explicitly cites '707,747 fine troy ounces' as of March 31, 2026. Multiple independent X posts corroborate the 707,747 oz figure and 36% QoQ growth. The 1:1 backing in Switzerland is confirmed by the official product site. The only minor discrepancy is that gold.tether.to shows $3.2B+ (live market cap fluctuates with gold price) vs the $3.3B figure at the time of the Q1 report, which is expected given gold price movements. All core claims - 707,747.139 oz, 36% growth, $3.3B market cap, 700,000+ tokens, Swiss storage, 1:1 backing - are well-supported.
Summary

Tether said Tether Gold (XAUT) exceeded a $3.3 billion market capitalization as its physical gold reserves rose 36% to 707,747.139 troy ounces, or about 22 tons. According to Tether’s reserve report, circulating supply surpassed 700,000 tokens as of March 31, 2026, and each token remained backed 1:1 by gold stored in Switzerland. The update adds more precise reserve and supply figures to Tether’s latest attestation on XAUT.

Terms & Concepts
  • Tether Gold (XAUT): A tokenized gold asset issued by Tether that gives holders blockchain-based exposure to physical gold held in reserve.
  • 1:1: A backing model where each token is matched by an equivalent amount of the underlying asset, in this case physical gold.
  • Tokenized gold: A digital token representing ownership or exposure to physical gold, enabling bullion-linked transfers on blockchain infrastructure.