CryptoWorld News reports that Tether’s gold token XAU₮ has surpassed a market capitalization of $3.3 billion, driven by a 36% increase in its physical gold reserves in the first quarter of 2026. As of March 31, the total amount of gold backing XAU₮ is approximately 707,747 ounces; at current prices, XAU₮ is valued at about $3.03 billion. Compared with 520,000 ounces at the end of 2025, the increase in reserves reflects more investors turning to gold-related tokens. Tether CEO Paolo Ardoino said that it plans to allocate 10%-15% of its roughly $20 billion non-government bond investment portfolio to physical gold as a hedging strategy.

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