Tether Gold market cap surpasses $3.3 billion as gold reserves grow 36% in Q1
ChainCatcher News: According to official data disclosed by Tether, Tether Gold (XAUT) continued to expand in the first quarter of 2026, with its total market capitalization surpassing $3.3 billion. Driven by the record-high gold prices and intensified macroeconomic uncertainty, investor demand for safe-haven assets has risen significantly.
Tether's data for this quarter shows its underlying gold reserves increased by 36% quarter-on-quarter, reaching approximately 707,747 ounces as of March 31. The circulating XAU₮ tokens are fully backed 1:1 by gold, with a total market capitalization of about $3.303 billion. Compared to the 520,000 ounces reserves at the end of 2025, this quarter's gold holdings have seen a significant increase, reflecting a continued inflow of capital into physical gold digitization products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Oil and gas equipment manufacturer VME Companies (VME.US) sets IPO price at $4-$5 per share, plans to raise $18 million
VME Companies, a supplier of offshore oil and gas facility process modules and separation equipment, announced the terms of its IPO on Tuesday.
Wall Street veteran who warned of previous financial crises sounds the bubble alarm: US stock valuations, leverage, and positions are at their most extreme levels in 40 years of industry experience.
David Rosenberg has warned that this is the most tense market in his 40-year career.
Japanese stocks closed down 0.05%, marking five consecutive losses.
Morgan Stanley raises Unity's target price to $55
Crypto prices
More
