Tether Gold Hits $800M as Bullion Demand Surges 40%

- Tether Gold (XAUt) reaches $800M market cap on investor demand. - Gold’s 40% price surge mirrors XAUt’s rising adoption. Tether Gold (XAUt), a cryptocurrency token backed by physical gold, has surpassed an $800 million market cap. This growth comes as central banks and institutional investors drive demand for gold amid inflation and geopolitical instability. On July 27, 2025, Cointelegraph reported that XAUt’s reserves now total 7.66 metric tons of fine troy ounces of gold, which backs over 259,000 circulating tokens. Since its launch in January 2020, XAUt’s performance has closely followed physical gold, which rose 40% over the past year as inflation concerns and geopolitical uncertainty push investors to seek safer assets. According to the World Gold Council, global central banks purchased over 1,000 metric tons of gold in 2024 for the third consecutive year. Additionally, institutional investors funneled billions into gold exchange-traded funds (ETFs) during early 2025, marking the highest inflows in five years. These factors underscore the alignment between XAUt’s growth and broader bullion demand. XAUt’s adoption has extended globally, with notable milestones including its recent availability in Thailand and the launch of an omnichain version on The Open Network (TON). These advancements bolster the portability and accessibility of gold via blockchain technology and affirm its status as a safe-haven asset during economic turbulence. According to CoinMarketCap, as of 19:14 UTC on July 27, Tether Gold (XAUt) was trading at $3,343.96, with its 24-hour trading volume down 0.065%. Meanwhile, the token’s fully diluted market cap stood at $824.4 million, a value that solidifies its established position within both the cryptocurrency and precious metal markets.