Tether minted 119,670 Tether Gold (XAUt) tokens valued at approximately $497 million on September 29, increasing the supply of its gold-backed digital asset. The reported figures differ from an earlier account that described a 494,574,412-token issuance valued at $494,574,412; the newer report identifies the mint as 119,670 XAUt. Each XAUt token represents one fine troy ounce of physical gold held in a Swiss vault under London Bullion Market Association Good Delivery standards. The issuance adds to Tether’s push into tokenized commodities, where investors can gain blockchain-based exposure to gold prices while retaining the ability to transfer or use tokens as collateral. XAUt held more than half of the tokenized gold market at peak market levels in mid-2026, when the broader sector exceeded $5 billion.