Tether Gold (XAUt) Market Cap Surpasses $1 Billion
Tether Gold (XAUt) has reached a market capitalization of over $1 billion. This milestone makes XAUt the second-largest tokenized gold product after Paxos’ PAXG. Gold prices recently hit new highs, with spot gold trading above $3,800 per ounce.
Data from rwa.xyz shows XAUt’s market cap at $1,053,158,858. The token’s Net Asset Value (NAV) is $3,862, reflecting an 8.51% increase from last month. The current token price is $3,865, closely matching gold market prices. Gold prices rose 19.90% over the past 30 days.
XAUt is a digital asset backed by real gold. Each token represents one fine troy ounce stored in Swiss vaults. The token allows investors to gain exposure to gold via blockchain without owning physical gold directly. In September 2025, combined trading volumes of XAUt and PAXG exceeded $3.2 billion.
Tether Expands Its Digital Asset Offerings
Tether is best known for USDT, the largest stablecoin globally. It also issues blockchain versions of fiat currencies and physical assets. In September, Tether launched USAT, a new U.S.-regulated stablecoin.
The USAT launch was announced at an event in New York City. Tether stated that USAT complies with all regulations under the Genius Act. Recently, Tether integrated USAT with the Rumble platform to reach more users. This partnership aims to promote USAT using Rumble’s user base.
Tether Plans Major Capital Raise
Tether is preparing for a significant capital raise. CEO Paolo Ardoino said the company plans a funding round valuing Tether at about $500 billion. The company intends to sell a 3% stake through a private placement. This could raise between $15 billion and $20 billion.
