4 November 2026 – Tether Gold (XAU₮), the world’s largest tokenized gold product by market capitalization, extended its momentum through the third quarter of 2026. Customer holdings have grown 73% since the start of the year, and the physical gold backing the token has reached a record US$3.44 billion, reflecting growing demand for direct, fully backed exposure to physical gold.
Despite considerable volatility for gold this year, token holders continued to buy XAU₮ throughout, adding more than 9 tonnes of physical gold equivalent since January. This shows that demand for XAU₮ is driven by long-term conviction in gold, not short-term price movements.
Physical gold reserves backing XAU₮ rose 59% during the year, from 520,089 fine troy ounces (16.2 tonnes) at 31 December 2025 to 827,418 fine troy ounces (approximately 25.7 tonnes), adding 766 London Good Delivery bars to the Swiss reserves, bringing the total from 1,291 to 2,057. As a result, the total market value of the reserves rose 53%, from US$2.25 billion to US$3.44 billion.
As of 30 September 2026 at 11:59 PM UTC, the Management of TG Commodities, S.A. de C.V., an El Salvador Sociedad Anónima de Capital Variable and a registered Stablecoin Issuer and Digital Asset Service Provider under El Salvador’s Digital Asset Issuance Law, confirms the following:
Key Metrics at the End of Q3 2026
- Total Physical Gold Reserves: 827,417.630 fine troy ounces
- Total XAU₮ Tokens in Circulation: 827,417.630000 XAU₮
- Total Gold Reserves Held: Approximately 25.7 metric tonnes
- Gold Backing: 1:1, with each XAU₮ token backed by one fine troy ounce of physical gold
- Gold Price: US$4,157.41 per ounce
- Total Market Value: US$3,439,914,329
- Tokens Sold: 709,323.660000 XAU₮
- Tokens Available for Sale: 118,093.970000 XAU₮
The gold reserves are held in Switzerland and meet London Good Delivery quality assurance requirements. The physical inventory comprises 2,057 bars in the 12.5-kilogram category, 15 one-kilogram bars and 18 half-kilogram bars. The gold is owned by XAU₮ token holders, and each token represents an undivided ownership interest in gold on specified bars. At quarter end, the fair market value of gold held by the Custodian for tokens sold was US$2,948,949,277, and the fair market value of gold backing tokens available for sale was US$490,965,052.
With US$3.44 billion in physical gold behind it at quarter end, Tether Gold is the largest and most widely used digital gold product.
“For thousands of years, owning gold meant trusting someone else to hold it,” said Paolo Ardoino, CEO of Tether. “XAU₮ changes that. Every token is tied to real bars that anyone can verify, and this year holders added more than 9 tonnes in holdings through a volatile market. The World Gold Council estimates digital gold could unlock US$700 billion in demand. We expect XAU₮ to capture a large share of it.”
Tether Gold remains at the forefront of the tokenized real-world asset market through strict 1:1 physical backing, Swiss-vaulted reserves, regulated issuance under El Salvador’s Digital Asset Issuance Law, and on-chain transparency. Every quarter, a qualified independent third party tests a sample of the bars to confirm the information reported by the refineries. XAU₮ provides token holders with exposure to physical gold ownership while preserving liquidity, portability, and verifiability.
For further details, please refer to the latest XAU₮ reserves report here.
About Tether Gold (XAU₮)
Tether Gold (XAU₮) is a digital asset offered by TG Commodities, S.A. de C.V. One full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. The token can be traded or moved easily at any time, anywhere in the world, and can be transferred to any on-chain address. The allocated gold is identifiable with a unique serial number, purity, and weight, and is redeemable in the form of physical gold.
Important Note:
This press announcement is not an offer to sell or the solicitation of an offer to buy Tether Gold (XAU₮). TG Commodities, S.A de C.V. will only sell or redeem XAU₮ pursuant to its gold token terms of sale and service available (as of the date of this press release) at https://gold.tether.to/legal
