Tether CEO Paolo Ardoino has reacted to the current market cap milestone from the agency’s proprietary gold stablecoin Tether Gold (XAUt).
For context, Tether Gold has seen substantial development in current months, just lately surpassing the $1.5 billion market cap mark, as seen in a chart shared by the analytic and market analysis agency, Katusa Analysis.
The surge, particularly noticeable since August 2025, displays growing curiosity in stablecoins tied to treasured metals. In response to knowledge from CoinGecko, XAUt is buying and selling at $4,038, a 4.7% uptick in the previous seven days and a 7.4% surge in the previous two weeks. This is a mirrored image of gold’s efficiency.
Paolo Ardoino Reacts
Following this milestone, Paolo, Tether’s CEO, reposted the Katusa Analysis report, with the commentary: “Tether Yellow Rocks,” a playful reference to the asset’s efficiency.
Tether Yellow Rocks https://t.co/J5clNnMqsy
— Paolo Ardoino 🤖 (@paoloardoino) October 9, 2025
His response exhibits the rising pleasure round the success of gold-backed stablecoins within the crypto area. The surge additionally coincided with a spike in gold’s spot worth, which was at $4,038 throughout this press. Gold’s spectacular push comes on the heels of the U.S. authorities shutdown, which is prompting traders to maneuver to safe-haven belongings.
Notably, earlier than the sharp surge in August, Tether Gold had been caught at a market cap between $0.6 billion and $0.9 billion, though it stored rising steadily. This gradual improve highlighted constant, albeit gradual, adoption amongst traders in search of a steady asset backed by gold.
Moreover, the corporate just lately revealed that Tether Gold’s complete minted provide is 375,572.25 ounces, with 281,961.71 ounces at the moment circulating out there. Moreover, 93,610.54 ounces are nonetheless out there for buy.
Establishments Accumulating Tether Gold?
This information additionally comes solely days after Tether and Antalpha, a monetary agency with ties to Bitmain, introduced elevating $200 million for an entity targeted on a Tether Gold treasury. The purpose of this initiative is to make use of the capital to amass and accumulate XAUt.
Moreover, in September, Antalpha expanded its collaboration with Tether, including new lending providers backed by XAUt. If this newest initiative is profitable, it might add to the market cap.
Gold Tokens Are on the Rise
In the end, XAUt is just not the one gold token on the rise. Notably, the general tokenized gold ecosystem surged by 1.4%, reaching a market capitalization of $3.09 billion. Moreover, PAX Gold (PAXG), hovering round $1.22 billion in market capitalization, took second place after Tether Gold, surging by 4.38% in the previous seven days.
One other notable performer is Kinesis Gold (KGT), which is seeing gradual development with a market cap of $186 million.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the writer’s private opinions and don’t mirror The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary is just not accountable for any monetary losses.
