#USSeeksStrategicBitcoinReserve

Tether announced that the volume of gold reserves backing the stablecoin XAUT tied to the price of gold increased by 36% in the first quarter of 2026 and exceeded $3.3 billion. As of the end of the first quarter, the project's reserves totaled 707,747 ounces (about 22 tons) compared to 520,089 ounces (about 16.2 tons) at the end of 2025.
Each XAUT token, according to the company, is backed by one troy ounce of physical gold. It is stored in Switzerland and meets the London Good Delivery standard.
All of this is just part of Tether's gold reserves; the company uses the metal not only to back XAUT but also as an investment. Three months ago, it was reported that Tether's gold holdings reached 140 tons.
As of May 4, the market capitalization of XAUT is over $2.7 billion. This stablecoin accounts for more than 50% of the tokenized gold market. In January, Tether CEO Paolo Ardoino said the company is moving toward becoming one of the world's largest "gold central banks" and plans to actively trade its precious metal reserves.
In February, the "gold" stablecoin XAUT was used for the first time to pay dividends. This opportunity was offered to shareholders by the public company Elemental Royalty, in which Tether acquired a 31% stake in 2025.
Last week, Tether reported its first-quarter results for 2026. The company stated that despite market volatility, net profit for the first three months of the year amounted to $1.04 billion.