Tether’s Q3 attestation shows 375,572 ounces of gold reserves worth $1.44 billion, with 522,089 XAUT in circulation and additional tokens available for sale.
In its Q3 2024 certificate, Tether confirmed that Tether Gold (XAUT) is backed by 375,572 troy ounces of gold valued at $1.44 billion as of September 30. There are 522,089 tokens in circulation and 139,751 tokens available for sale. Rising gold prices have since pushed the reserve market value to $2.1 billion. XAUT, together with PAX Gold, dominates 90% of the $3.7 billion tokenized gold market, providing blockchain-based gold ownership without the need for physical custody.