Tether Brings Gold-Backed XAUT Token to BNB Chain

Tether has expanded its gold-backed XAUT token to the BNB Chain, giving users on this network direct access to one of the largest tokenized gold products available in crypto. Each XAUT token is backed by one fine troy ounce of physical gold stored in Swiss vaults as London Good Delivery bars. Tether CEO Paolo Ardoino said that the goal is to make gold functional inside modern financial infrastructure, stating 'With XAUT, we are not changing what gold is; we are making it usable in a modern financial system.'

The BNB Chain listing extends access to hundreds of millions of users and allows gold to move instantly, settle globally, and connect with digital markets. The total tokenized gold market is valued at approximately $5.3 billion, with XAUT carrying a market cap of nearly $2.5 billion, making it the dominant product in this category.

Ardoino described the product as positioning gold as something that can be actively used, not just stored. The BNB Chain deployment marks another step in Tether's effort to distribute the token across major blockchain ecosystems. XAUT was originally launched on Ethereum before expanding to additional networks.