Tether has announced that its gold-backed token, Tether Gold (XAU₮), is now live on BNB Chain, expanding access to tokenized gold within a broader crypto ecosystem. Each XAU₮ token is backed by one troy ounce of physical gold (London Good Delivery standard), stored in a Swiss vault, with 1:1 reserve backing verified through independent audits.
Gold prices rose by about 64% in 2025, marking the largest annual gain in four decades and fueling demand for safe-haven assets. Meanwhile, the market size for gold-backed stablecoins grew from around $1.3 billion to over $4 billion, with XAU₮ capturing about 60% of the market.
The deployment enables users to gain direct exposure to physical gold within the BNB Chain ecosystem, bypassing traditional custody, premiums, and settlement processes. Tether also leverages its USDt0 cross-chain network to enable liquidity interoperability for XAU₮ across more than 12 blockchains, enhancing issuance, transfer, and settlement efficiency. Tether CEO Paolo Ardoino said the move aims to integrate gold assets into the modern digital financial system, endowing them with instant settlement and global circulation capabilities. BNB Chain said the integration will strengthen its Real World Assets (RWA) strategy and ecosystem positioning.
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