Tether’s XAUT Gold Reserves Reach 25.7 Metric Tons, Worth $3.44 Billion
The reserve total was 59% above its year-end 2025 level. Circulation matched the ounces in reserve, with about 709,000 tokens sold and 118,000 available.

Tether’s third-quarter reserve report showed physical gold backing Tether Gold (XAUT) at 827,418 troy ounces on Sept. 30, up 59% from year-end 2025 and equivalent to about 25.7 metric tons.
At $4,157.41 per ounce, the gold was valued at about $3.44 billion. Reserves stood at 520,089 ounces, or about 16.2 metric tons, at the end of 2025.
XAUT circulation was also 827,418 tokens. Each token represents one troy ounce of physical gold; about 709,000 tokens had been sold, with roughly 118,000 available for sale.
The gold backing the tokens is stored in Switzerland and meets the London Bullion Market Association’s good-delivery standard. The reserve comprised 2,057 bars weighing 12.5 kilograms each, including 766 added this year.
The reserve snapshot came one day after Tether’s Sept. 29 issuance of $494.57 million in XAUT.