New Tether Gold Report Details 27 Metric Tons Added in Q4 as Demand Explodes
Tether has released its latest attestation for Tether Gold (XAU₮), confirming the token’s dominant position in the gold-backed stablecoin sector as the market surpassed $4 billion in total value at the end of 2025.
The report shows that XAU₮ now accounts for more than half of all tokenized gold in circulation, reinforcing Tether’s leadership in real-world asset tokenization at a time of record gold prices and sustained macroeconomic uncertainty.
The attestation—issued by TG Commodities, S.A. de C.V., a registered Stablecoin Issuer and Digital Asset Service Provider under El Salvador’s Digital Asset Issuance Law—shows the scale at which Tether is now operating within global gold markets.
The report comes shortly after spot gold exceeded US$5,000 per ounce for the first time in history, highlighting surging global demand for gold-backed financial instruments.
Gold price (Source: TradingView)
Key Findings from the Q4 2025 Attestation
As of Dec. 31, 2025 at 11:59 PM UTC, TG Commodities confirmed the following:
- Total Physical Gold Reserves: 520,089.350 fine troy ounces
- Total XAU₮ Tokens in Circulation: 520,089.300000 XAU₮
- Backing Level: Fully backed 1:1 with physical gold
- Total Market Value: US$2,246,458,120
- Tokens Sold: 409,217.640000 XAU₮
- Tokens Available for Sale: 110,871.660000 XAU₮
The report reaffirms that all reserves are held in Switzerland under London Good Delivery standards, ensuring institutional-grade custody and compliance with the London Bullion Market Association’s requirements.
Each XAU₮ token also corresponds directly to one fine troy ounce of gold, with no deviation between the gold reserves and tokens issued.
XAU₮’s Expanding Share of the Tokenized Gold Market
The attestation places XAU₮ at the center of a rapidly expanding market.
Gold-backed stablecoins grew from roughly $1.3 billion to over $4 billion in 2025, driven by heightened geopolitical tensions and a global flight to safe-haven assets.
Within that broader surge, Tether Gold accounted for approximately 60% of all supply, significantly outpacing competitors in issuance, liquidity, and adoption.
That dominant position has also elevated Tether to the level of a global gold holder. Citing IMF data and a late-2025 Jefferies analysis, the attestation notes that Tether’s combined gold exposure now ranks among the top 30 largest sovereign and institutional gold holders worldwide, surpassing the national reserves of several countries, including Qatar, Greece, and Australia.
During Q4 2025 alone, Tether Gold Investments—which includes Tether International Limited and TG Commodities Limited—added 27 metric tons of gold to its holdings, exceeding the quarterly accumulation of most central banks.
Tether’s Position on Responsibility and Transparency
Paolo Ardoino, CEO of Tether, said the attestation reflects not only the company’s scale but the expectations placed on tokenized assets as they become more widely adopted.
“Through Tether Gold, we are operating at a scale that now places the Tether Gold Investment Fund alongside sovereign gold holders, and that carries real responsibility,” Ardoino said.
“Every token represents physically held, vaulted gold that can be verified on-chain, and the market’s growth shows that investors increasingly expect tokenized assets to meet the same standards as national and institutional reserves.”
