Tether has launched XAU₮ on BNB Chain, placing the dominant tokenized gold product directly into the ecosystem of the world’s largest cryptocurrency exchange and its hundreds of millions of users. Each XAU₮ token represents one fine troy ounce of physical gold — London Good Delivery standard — held in Swiss vaults and independently attested on a 1:1 basis.
The launch is timed to a market that has moved sharply in tokenized gold’s favor. Gold surged 64% in 2025 — its largest annual gain in 40 years — setting more than 50 all-time highs as geopolitical tensions and trade uncertainty pushed investors toward safe-haven assets. The gold-backed stablecoin market nearly tripled over the same period, climbing from roughly $1.3 billion to over $4 billion, with XAU₮ holding approximately 60% of total supply. The BNB Chain deployment is backed by Tether’s USDt0 cross-chain network, which gives XAU₮ unified liquidity across more than 12 blockchains.
Paolo Ardoino, CEO of Tether, said the move does not change what gold is, but makes it usable in a modern financial system, enabling instant movement, global settlement, and seamless integration with digital markets. Nina Rong of BNB Chain added that XAU₮ on BNB Chain extends what is already the second-largest RWA ecosystem by TVL, giving users a trusted, gold-backed asset across DeFi. XAU₮ is issued by TG Commodities, S.A. de C.V., with reserve details and vault attestation reports publicly accessible at gold.tether.to, and Binance listed XAUt on March 26 with perpetual futures and other products — though the launch was briefly delayed. This move follows Tether’s January launch of Scudo, a fractional unit for XAUt equal to one-thousandth of a troy ounce, aimed at making tokenized gold viable for payments and everyday on-chain use.
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