Tether Gold reserves reach record U.S.$3.44 billion as XAU₮ backing expands

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Tether Gold reserves at record

Highlights

Tether Gold customer holdings rose 73% YTD, with physical gold reserves up 59% to 827,418 ounces and U.S.$3.44 billion in value by 30 September 2026.
XAU₮ tokens in circulation reached 827,417.630, fully backed 1:1 by gold reserves held in Switzerland, with London Good Delivery compliant inventory increasing by 766 bars during 2026.
Tether Gold claims XAU₮ is now the largest digital gold product by market capitalization, with U.S.$2.95 billion backing tokens sold and U.S.$491 million backing tokens available for sale.

Third-quarter reserve growth and token metrics

As reported by Tether News, Tether Gold says customer holdings have grown 73% since the start of the year, while physical gold reserves backing XAU₮ have increased 59% from 520,089 fine troy ounces at 31 December 2025 to 827,418 fine troy ounces by 30 September 2026. The company says the market value of those reserves has climbed 53% to U.S.$3.44 billion.

The update states that holders added more than 9 tonnes of physical gold equivalent during the year despite volatility in gold prices. As of 30 September 2026 at 11:59 PM UTC, TG Commodities, S.A. de C.V., the El Salvador-registered issuer, confirms 827,417.630 XAU₮ tokens in circulation, matching the same amount of fine troy ounces in reserve on a 1:1 basis.

The reserves are held in Switzerland and meet London Good Delivery standards. The inventory includes 2,057 bars in the 12.5-kilogram category, as well as 15 one-kilogram bars and 18 half-kilogram bars, with the total number of London Good Delivery bars rising by 766 during the year.

Position in digital gold market

Tether Gold says the quarter-end reserve total makes XAU₮ the largest digital gold product by market capitalization and usage. At quarter end, the fair market value of gold held by the custodian for tokens sold stands at U.S.$2,948,949,277, while gold backing tokens available for sale is valued at U.S.$490,965,052.

Paolo Ardoino, chief executive of Tether, says demand reflects long-term conviction in gold rather than short-term price swings. He adds that each token is linked to specific bars that can be verified, while the company points to Swiss vaulting, issuance under El Salvador's Digital Asset Issuance Law and quarterly third-party testing of sampled bars as key parts of its operating model.

The figures also highlight broader activity in tokenized real-world assets, where issuers are trying to combine direct commodity exposure with blockchain-based transferability and transparency. For investors, XAU₮ is positioned as a way to hold physical gold ownership with added liquidity and portability compared with traditional formats.

Our earlier article on Q3 2026 cybersecurity funding showed that total investment rose mainly because late-stage mega-rounds got larger, even as the number of deals declined. We also noted that AI-oriented and identity security companies attracted the bulk of capital, alongside active consolidation via big-ticket acquisitions—signaling a market where demand is concentrating in fewer, higher-conviction bets.

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