Tether Expands Gold-Backed Token Supply to Over 119K XAUT

Tether has expanded its gold-backed token supply in a significant move. The company minted approximately 119,670 XAUT tokens worth nearly $497 million and directed them to its treasury.

The issuance represents roughly 3.7 metric tons of physical gold entering the onchain ecosystem at prices near $4,210 per XAUT.

This development is part of a larger shift toward bringing traditional assets onto public blockchains, with tokenization becoming increasingly mainstream.

Tether Gold is trading higher, up about 1.2% on the day, as the underlying gold market remains strong.