Overview
- Tether launched its gold-backed token XAUt on BNB Chain Thursday, and Binance opened spot trading against USDT, BTC, USDC and TRY.
- Each token equals one troy ounce of London Good Delivery gold held in Swiss vaults, with public attestations reporting more than 520,000 ounces at the end of 2025.
- Trading has surged, with XAUt perpetual futures on Binance reaching a record $6.4 billion in daily volume on March 23.
- The rollout connects XAUt to Tether’s USDt0 network across more than a dozen blockchains, which unifies liquidity and speeds transfers and settlement onchain.
- XAUt leads tokenized gold with about 60% market share and a roughly $2.5–$3.2 billion value, helped by January’s gold price peak and new exchange products that make bullion easy to trade and use in DeFi.