Overview
- Tether will integrate its gold-backed token XAU₮ into Gold.com's platform to broaden retail and institutional access to tokenized bullion.
- The partners will explore enabling purchases of physical gold using USDT and Tether’s U.S.-regulated stablecoin, USAT.
- Tether also disclosed an investment in Anchorage Digital, a federally regulated crypto bank expected to support the rollout of USAT.
- The announcement follows a record gold price surge above roughly $5,000–$5,500 per ounce and a tokenized-gold market that has expanded to about $5.5 billion.
- According to Tether, XAU₮ holds over 60% of the category and is backed by allocated metal in Swiss vaults with daily attestations, with backing reported near 140 tonnes.