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CoinWorld News, Wu said learned that Tether released a report stating that its gold token Tether Gold (XAU₮) increased its reserves by 36% quarter-over-quarter, reaching 707,747 ounces, with a market value of approximately $3.3 billion, setting a new record high. The circulating supply is 707,747 units, all backed 1:1 by physical gold. The report shows that by the end of 2025, its gold reserves will be about 520,089 ounces, meaning a net increase of approximately 187k ounces in the first quarter. Tether stated that, driven by macroeconomic uncertainty and rising gold prices, investor demand for on-chain gold and other safe-haven assets continues to grow.