Tether Gold Holdings Surge Amid Gold Price Decline
Tether Gold (XAU₮), a tokenized gold product backed by physical reserves in Swiss vaults, saw its holdings surge 9.5% in Q2 2026 despite a 14.1% decline in gold prices.
This growth underscores strong demand for on-chain, gold-backed assets even during market corrections. Tether Gold's tokenized gold product provides liquidity and portability through blockchain technology, making it an attractive option for investors seeking transparent and accessible gold investments.
Ted Hisokawa didn't provide a quote in the source but Paolo Ardoino, CEO of Tether, said 'Q2 offered a clear test of the underlying demand for Tether Gold. Even as gold experienced its sharpest quarterly correction in 13 years, customers continued to accumulate XAU₮.'
Tether's gold holdings now place it among the world's largest gold purchasers, with the company acquiring 27.1 tonnes of gold during the first half of 2026.