- Tether releases major attestation update for Tether Gold.
- Gold-backed tokens total 246,523.33 ounces.
- Market remains unfazed by global tensions.
Paolo Ardoino and Tether have confirmed the first attestation for Tether Gold (XAU₮) in Q1 2025, revealing that the tokens are backed by gold reserves stored in Switzerland.
The attestation underscores Tether’s commitment to transparency and sets a benchmark for the digital gold market. The market fairly reacts to increased gold demand amid global tensions.
Transparency and Security in Tokenization
Tether’s first attestation for Tether Gold (XAU₮) in Q1 2025 confirms over 7.7 tons of gold backing the tokens. The reserves, secured in Switzerland, highlight Tether’s transparency commitment.
CEO Paolo Ardoino emphasized the offering’s secure, easily transferrable nature, ensuring users access to digitized gold. He stated, “With XAU₮, we’re offering users the ability to access the security of physical gold in a digital form—secure, easily transferrable, and backed 1:1 by fully held gold reserves.” This first attestation marks a significant transparency step for Tether Gold.
Investor Confidence Amid Global Instability
The release has seen investors rallying towards XAU₮ as a digital proxy for physical gold. Increased uncertainty worldwide prompts this interest amid geopolitical instability.
Tether Gold reaching an all-time high of $3,423 on April 21, 2025, reflects this trend. Regulatory clarity in El Salvador further supports greater adoption and legal security.
Institutional Views and Market Expansion
Institutions view Tether Gold’s transparency as a model for tokenized assets. Its backing by LBMA-standard gold further attracts long-term investments.
Institutional demand for gold-backed stablecoins could rise, driven by economic uncertainty. The attestation aligns with historical scrutiny expansion as Tether enhances transparency across its products. For more insights into verification processes, review the Mitrade Product Disclosure Statement.