Multiple credible and primary statements from Tether's CEO Paolo Ardoino, published across reputable and semi-reputable news outlets, consistently assert that 94 tonnes worth of XAU₮ were transferred over a defined period. These statements are directly attributed to the source with the highest authority on Tether Gold's reserves and transaction data. The official Tether news releases confirm XAU₮'s backing by LBMA-certified physical gold in Swiss vaults, supporting the general notion that XAU₮ transactions can be quantified in gold weight equivalence. While the statement in question is slightly ambiguous about whether it refers to total backing or merely the amount transferred, the available evidence supports that at least 94 tonnes worth of XAU₮ was moved in recent activity. No credible contradictory evidence emerged in the sources reviewed, which reinforces the likelihood of truth. The only minor uncertainty arises from whether 'represents' in the claim refers to overall circulating supply versus specific transfer volume; however, given consistent authoritative confirmation of the 94-tonne figure, the probability remains high.