Tether officially published his first certificate for Tether Gold (XAU ₮) for the first quarter of 2025. The report intervened after the product was regulated in Salvador and covered other developments of the stablecoin on gold.
According to the report published on April 28, 2025, Tether Gold (XAU ₮) retains its position of gold product for the highest market capitalization on the market.
Each XAU ₮ token would be supported 1: 1 by an ounce of physical gold Troy, which is safe in a dedicated safe in world class installations in Switzerland. The current market capitalization is $ 770.0 million and the high price of all time was $ 3,423 in April 21, 2025, up 9.6% compared to the end of the first quarter.
XAU ₮ has become popular due to economic uncertainty
According to the report, Tether Gold’s growth during the first quarter can be attributed to the climbing of global economic uncertainty, increased geopolitical tensions and increasing demand for inflation -resistant reserves.
There was a sustained increase in market capitalization because investors worried about new international trade rates, more validating the role of Gold as a coverage in volatile markets.
The certificate gives more importance to the quantity of inventory reflected in the report than the price, which remains subject to volatility.
He also pointed out that another reason for the Gold rally in the past two years is the persistent accumulation of the Central Bank, in particular BRICS nations, which sought to reduce their dependence on the US dollar.
USD ₮ and XAU ₮ of TETHER on the open network (tone)
The certificate report published by Tether Gold (XAU ₮) comes a few days after the company has announced that its stablescoins supported in dollars and golden backs have now been integrated on the open network (tone).
Development means that Tether's products are now available on more than 15 blockchains, including Algorand, Avalanche, Celo, Ethereum, EOS, Liquid Network, Narch, Polygon, Solana, Bitcoin's Standard Ledger Protocol, Statemint, Tezos and Tron.
Paolo Ardoino, CEO of Tether, expressed his enthusiasm about the launch.
“We are delighted to bring USD ₮ and XAU ₮ to the open network because we support its vision of an open and decentralized internet and a financial system without borders”, it saidAdding that this strengthens the company's mission to “feed the financial infrastructure open in the blockchain space”.
This announcement also solidifies the position of the USD as Stablecoin and Xau ₮ mostly adopted as a stable alternative to real assets.
Ardoino called XAU ₮ An opportunity for users to access the security of physical gold in its digital form, supported 1: 1 by fully secure gold reserves.
However, while Tether claims support and transparency in full gold, there have been controversies in the past surrounding its audits of Stablecoin USDT. Likewise, some Internet users are skeptical about the auditability of XAU ₮.
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