Gold Rush 2.0: Tether’s XAUT Hits $2B, But Can It Outshine Your 401(k)? 🤑✨

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Well, butter my biscuit and call me impressed-Tether, the stablecoin behemoth that’s basically the Oprah of digital money (“You get a token! And you get a token!”), has just dropped its latest attestation report for XAUT, its gold-backed digital token. The big reveal? XAUT’s market cap has hit $2 billion, which is roughly the GDP of a small, glitter-obsessed nation. Oh, and it’s hogging 54% of the $3.71 billion tied up in gold-pegged assets. Go big or go home, right? 🏆💰

Tether’s XAUT: The Prom Queen of Tokenized Gold 👑

According to Coingecko’s latest metrics, the top ten gold-backed tokens are sitting pretty with a combined market cap of $3.71 billion. And guess who’s wearing the crown? Tether’s XAUT, of course, looking down its nose at Paxos’ PAXG, which is still shining bright with a $1.31 billion valuation. PAXG, sweetie, you’re great, but XAUT is the Beyoncé of this market. 🎤✨

Both XAUT and PAXG are pegged to the price of a troy ounce of pure gold, because nothing says “I’m fancy” like syncing your worth to a precious metal. Meanwhile, lesser tokens like XAUM and XNK are over here glimmering like the discount aisle at a craft store. Sorry, not sorry. 😬

On October 28, Tether unleashed an attestation report from TG Commodities S.A. de C.V., the folks responsible for making sure XAUT isn’t just a fancy IOU. Turns out, Tether’s got 375,572.297 fine troy ounces of physical gold stashed away, matching the 375,572.247 XAUT tokens floating around. And where’s this treasure trove? Switzerland, of course, because if you’re not storing gold in a Swiss vault, are you even trying? 🏔️🇨🇭

Oh, and get this-Tether still has room to sell 139,751.311 XAUT, which is roughly $540 million in today’s gold prices. That’s enough to buy a small island or, you know, a really nice yacht. 🛥️

“Tether Gold proves that real-world assets can thrive onchain without compromise,” declared Paolo Ardoino, Tether’s CEO, probably while adjusting his monocle. He added, “With gold prices at all-time highs and institutional interest growing, XAUT is the future of asset ownership-where physical security meets digital freedom.” Because nothing screams “future” like a metal that’s been hoarded since the dawn of civilization. 🏛️🔮

In the last 24 hours, tokenized gold saw a modest $1 billion in trading volume, which is a mere 0.6% of the $172.565 billion traded in the broader crypto market. XAUT accounted for $381 million of that, while PAXG moved $490 million. So, yeah, tokenized gold is growing, but let’s be real-it’s still the side dish to the stablecoin main course. 🥗🍖

FAQ 🪙

  • What did Tether’s latest XAUT attestation reveal?
    Tether’s Oct. 28 report confirmed $2 billion in gold-backed XAUT reserves, safely tucked away in Switzerland. Because if it’s not in Switzerland, is it even legit? 🧐
  • How much gold backs Tether’s XAUT tokens?
    375,572.297 fine troy ounces of physical gold, matching 375,572.247 XAUT tokens. That’s a lot of bling. 💍
  • Who verified Tether’s gold holdings?
    TG Commodities S.A. de C.V., a registered stablecoin issuer. So, you know, it’s official. 📜
  • How does XAUT compare to other tokenized gold assets?
    XAUT is the prom queen of the $3.7 billion gold token market, leaving Paxos’ PAXG in the dust with its $1.31 billion. Sorry, PAXG, maybe next year. 👸

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2025-10-29 22:08