Tether Gold Holdings Defy Price Drop with 9.5% Q2 Increase

Tether Gold (XAUT) saw a significant increase in client holdings during the second quarter of 2026, despite a 14.1% drop in the price of gold.

The total market value of XAUT reached approximately $2.837 billion by the end of Q2, solidifying its position as the largest tokenized gold product globally.

According to TG Commodities, S.A. de C.V., 612,823.66 tokens were sold during this period, backed by physical reserves equivalent to 22.01 metric tons.

CeO Paolo Ardoino noted that the quarter was a 'clear test of underlying demand' for XAUT and praised buyers who used the price drop as an opportunity to increase their exposure to gold through this fully backed product.