Tether Gold market cap surpasses $3.3 billion as gold reserves grow 36% in Q1
ChainCatcher News: According to official data disclosed by Tether, Tether Gold (XAUT) continued to expand in the first quarter of 2026, with its total market capitalization surpassing $3.3 billion. Driven by the record-high gold prices and intensified macroeconomic uncertainty, investor demand for safe-haven assets has risen significantly.
Tether's data for this quarter shows its underlying gold reserves increased by 36% quarter-on-quarter, reaching approximately 707,747 ounces as of March 31. The circulating XAU₮ tokens are fully backed 1:1 by gold, with a total market capitalization of about $3.303 billion. Compared to the 520,000 ounces reserves at the end of 2025, this quarter's gold holdings have seen a significant increase, reflecting a continued inflow of capital into physical gold digitization products.
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