Tether Gold ($XAUT ) Reserves Jump 9.5% in Q2 Despite Gold’s Worst Quarter Since 2013
cointelegraph.com
In the latest development for tokenized gold (often called “crypto gold”)$XAUT , Tether reported on August 4, 2026, that the physical gold reserves backing its Tether Gold (XAUt) token rose 9.5% during the second quarter. This growth occurred even as spot gold prices dropped 14.1%—its steepest quarterly decline since Q2 2013.
cointelegraph.com
Tether CEO Paolo Ardoino highlighted in the latest XAUt attestation report that investors are accumulating the token during price weakness: “Holders of Tether Gold are not only buying XAUt when the price of gold is rising. They are using periods of market weakness to increase their ownership of physical gold through a product that is fully backed, transparent, portable and accessible onchain.”
cointelegraph.com
Key highlights:$XAUT remains the largest tokenized commodity product, with roughly $2.4 billion in total value. Broader tokenized commodities saw the number of holders rise 6.5% to about 253,000, even as overall value dipped slightly. Earlier in 2026, reserves had already surged 36% in Q1. XAUt also recently received Shariah certification, potentially opening it to more Islamic finance investors.
cointelegraph.com
This underscores continued strong demand for gold-backed cryptocurrencies like XAUt and PAXG as a bridge between traditional bullion and blockchain accessibility, even amid volatility in the broader gold market