Stablecoin issuer Tether has officially revealed that it holds over 7.7 tons (246,523.33 troy ounces) of physical gold as backing for its Tether Gold (XAU₮) token. This announcement marks a significant step towards transparency and regulatory compliance for the digital gold product, with its first formal attestation report for Q1 2025 providing detailed information on reserves. Each XAU₮ token is fully collateralized on a 1:1 basis with one troy ounce of LBMA-certified physical gold securely stored in Switzerland. This ensures that token holders have direct access to real gold, merging the traditional value of precious metal with the efficiency and transferability of blockchain technology.