So, it turns out Tether—the world’s largest stablecoin maestro who definitely does not have a secret vault of monkeys typing random numbers—has finally released its inaugural “official” bedtime story about Tether Gold (XAU₮). Yes, a token backed by actual, shiny gold, not just the wishful thinking of internet nerds.
The report, dropped at the thrilling end of Q1 2025 (because financial drama waits for no one), proudly declares that XAU₮ rests on the gleaming shoulders of over 7.7 tons of gold. Apparently, that’s enough to make it the largest tokenized gold thingy in the entire market—or at least the biggest one bragging about it on Twitter.
And here’s the kicker: this shiny digital relic is regulated by the notoriously calm and composed El Salvadoran law, which presumably means the gold’s value isn’t just a comforting bedtime whisper but a “legal thing.” The vaults? Swiss, naturally. Because if you’re going to trust gold to a place, you pick one where the knives are sharper than the accountants.
According to the gospel of Tether, there are exactly 246,523.33 troy ounces locked away safely in these Swiss hideouts, giving XAU₮ a faith-based 1:1 charm that says, “Yes, you can definitely party like it’s 999.9 fine.”
At press time—which is code for “right now, before it all goes haywire”—each token was trading at $3,123, amassing a total value of $770 million. For a brief moment on April 21, 2025, when financial paranoia hit an all-time high from somewhere, this token soared to $3,423. It seems humans do love shiny objects, especially when the economy feels like a rollercoaster designed by a mad hatter.
Paolo Ardoino, the man at the helm of this golden ship, reassured us all that “XAU₮ enables users to have access to the stability of physical gold in digital form.” Translation: no more lugging around heavy bars, just digital shininess with a side of Swiss secrecy.
Meanwhile, somewhere else in the world, central banks (especially those from the BRICS club, who are probably planning world domination or at least flexible finance) are hoarding gold like it’s the currency of the apocalypse. Their mission? Hedge against inflation and give the mighty U.S. dollar a gentle side-eye.
The World Gold Council chimed in with stats that suggest 2024 was the year of “buy all the gold,” as central banks gobbled up over 1,000 metric tons of it. And 2025? Gold’s been strutting its stuff on the market catwalk, outperforming the S&P 500 by a whopping 32.6%, like a golden peacock showing off. In stark contrast, the S&P 500 looked like a sad balloon slowly losing air, down by 6.1%.
Tether’s grand plan is not just to offer a “safe-haven” asset—which sounds suspiciously like a fancy term for “if the world ends, you’ll at least have shiny pixels.” They’re also aiming XAU₮ at emerging markets where currencies devalue faster than you can say “hyperinflation” and political chaos is the daily special.
In Paolo’s words, “XAU₮ is secure, easy to transfer, and fully backed by physical gold on a one-to-one basis.” In other words, it’s the digital gold equivalent of a Swiss Army knife—functional, reliable, and yes, a touch flashy.
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2025-04-28 21:09