Tether Gold surpasses $3.3 billion driven by a safe‑asset wave
Tether Gold (XAUt) reached a market capitalization of $3.3 billion in Q1 2026, up 36% from the start of the year, with more than 707,000 tokens in circulation, each token backed by one troy ounce (31.1 g) of physical gold.
This growth is fueled by a wave of investors seeking safe‑haven assets amid geopolitical instability and changing interest‑rate expectations, even though gold prices have cooled from a peak of $5,500 to around $4,500. Currently XAUt holds over half of the global gold‑token market share, and together with Paxos’s PAX Gold, the two products lead the tokenized‑commodity segment, a part of the rapidly expanding RWA market with a total value nearing $31 billion.
