A volatile macroeconomic landscape has sparked a new gold rush among institutional investors and central banks, with gold ingots reaching this year this year – a trend that has also extended to the Digital Tother Doconous Diston token.
At the end of the second quarter, Tether Gold (XAUT) – a tokenized commodity offering direct exposure to physical ingots – was supported by 7.66 tonnes of Troy Troy gold ounces, according to the latest company certificate, verified by BDO Italia.
This reserve supports more than 259,000 XAUTs in circulation, giving the assets a total market capitalization of more than $ 800 million.
The price of attachment gold closely follows the market value of physical gold, which is negotiated just below $ 3,400 per ounce Troy. XAUT effectively brings gold on the blockchain, combining the timeless attraction of yellow metal with portability, divisibility and reachabilitability characteristics generally associated with Bitcoin (BTC).
In the past 12 months, the Xaut price has jumped by 40%, reflecting the performance of Spot Gold, according to Bloomberg data.
Tether Gold, launched in January 2020, is available to negotiate several major crypto exchanges, including Bybit, Bitfinex, Bingx and Kucoin. The token recently widened its presence to Thailand thanks to the exchange of Maxbit cryptocurrency.
As Cointtelegraph reported, Tether’s Liquidity Network, USDT0, recently introduced an Omnichain version of Xaut on the open network (tone).
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Golden demand grows in the middle of macroeconomic and geopolitical turbulence
While cryptographic investors have long presented Bitcoin as “digital gold”, offering qualities similar to ingots with additional portability and native digital characteristics, physical gold remains the ultimate asset in complete safety during uncertainty.
According to the World Gold Council (WGC), the world central banks have accumulated more than 1,000 metric tons of ingots in 2024, marking the third consecutive year to exceed this stage. The Council also noted that the vast majority of central bankers expect that the ingots reserves continue to increase over the next 12 months.
“This is not normal,” wrote Christopher Gannatti, World Research Manager in Wisdomtree, commenting on the rapid pace of gold accumulation by the monetary authorities. “For decades, central banks were clear gold sellers. Now they store it again. ”
“In a world of rising geopolitical risks and the armament of currencies, gold is one of the few active people who moves well through borders and diets,” added Gannatti.
Institutional investors have followed suit, paying billions to the funds (ETF) negotiated in exchange for gold in the second half of 2024.
This momentum passed in 2025, with the first half, with the largest gold entrances in gold in five years, according to WGC data. Gold ETF recorded $ 38 billion in entries in the first six months, increasing collective assets by 397.1 metric tonnes of physical ingots.
The sharp increase in demand was motivated by the escalation of geopolitical and economic concerns, including the trade war of the American president Donald Trump, who amplified fears of economic instability and a potential recession.
Economist Peter Schiff also highlighted the risk of persistent inflation as a key engine of the Gold call. Inflationist pressures have resurfaced in the United States, the federal reserve expecting accelerated price increases during the second half, as prices push higher costs for producers and consumers.
This perspective caused a cautious position on monetary policy. US American economist from Morningstar Preston Caldwell noted that he had “delayed expectations of rate reductions” in the light of these inflationary trends.
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