Tether Launches First Audit of its Gold-Backed Token, XAU₮

Tether has released its first independent audit for its gold-backed stablecoin, XAU₮. The report confirms that each XAU₮ token is backed 1:1 by one troy ounce of physical gold held in secure Swiss vaults. This commitment to transparency signifies Tether’s robust approach to security and trust following scrutiny over the past year. The audit also highlights the substantial holding of XAU₮, with over 7.7 tons of gold currently secured. The report confirms that XAU₮’s market cap reached $770 million by the end of Q1 2025, underscoring its growing prominence in the crypto market.