Tether’s XAU₮ Commands Majority of $4B Gold-Backed Stablecoin Market as Gold Surges
Tether’s tokenized gold, XAU₮, now accounts for more than half—around 60%—of the gold-backed stablecoin market after its supply/value surpassed $4 billion, according to market reports and Tether’s attestation [1][3][4].
The expansion of XAU₮ coincides with rising on-chain trading activity for tokenized gold and record bullion prices, with spot gold topping $5,100 amid renewed safe-haven demand as the U.S. dollar shows signs of weakening [1][2][3].
Overall market capitalization for gold-backed stablecoins grew sharply year-on-year, rising from roughly $1.3 billion in 2025 to over $4 billion as investors increased allocations to real-world asset tokenization, according to market analysis [3].
Tether’s XAU₮ now represents the dominant share of a roughly $4 billion market for tokenized gold, reflecting both higher physical-gold prices and stronger on-chain demand for gold-backed tokens [1][3][4].
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Citations
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- 1Gold’s digital rally mirrors increasing stress on US dollarCointelegraph• Jan 26, 2026
- 2Tether dominates $4B gold-backed stablecoin market as gold tops $5100Crypto Briefing• Jan 26, 2026
- 3Tether Gold dominates as onchain gold trading activity rises with demandCryptopolitan• Jan 26, 2026
- 4Tether Gold Now Controls Half of the Entire Gold-Backed Token MarketCoinpaper• Jan 26, 2026
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