According to the official announcement, as of September 30, 2026, the physical gold reserves backing Tether Gold (XAU₮) amounted to 827,417.63 troy ounces, or approximately 25.7 tonnes, up 59% from the end of 2025. The market value of the reserves rose 53% to approximately $3.44 billion. During the same period, the number of XAU₮ in circulation matched the number of ounces in the gold reserves, with each XAU₮ representing 1 troy ounce of physical gold.