According to Huoxing Finance, Tether officially disclosed data showing that Tether Gold (XAUT) continued to expand in the first quarter of 2026, with its total market capitalization surpassing $3.3 billion, driven by record-high gold prices and increasing macroeconomic uncertainty, which significantly boosted investor demand for safe-haven assets. Tether’s quarterly data reveals that its underlying gold reserves increased by 36% quarter-over-quarter, reaching approximately 707,747 troy ounces as of March 31, fully backing the circulating XAU₮ tokens at a 1:1 ratio, with a total market capitalization of approximately $3.303 billion. Compared to around 520,000 troy ounces in reserves at the end of 2025, this quarter saw a substantial increase in gold holdings, reflecting continued inflows into digitized physical gold products.
Tether Gold market cap exceeds $3.3 billion as gold reserves increase by 36%.
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Summary
Tether Gold (XAUT) reached a market cap of $3.3 billion in Q1 2026, according to on-chain data. Rising gold prices and increased demand for safe-haven assets drove this growth. Tether expanded its gold reserves by 36%, reaching 707,747 troy ounces by March 31. On-chain analysis confirms that XAU₮ tokens remain fully backed at a 1:1 ratio.
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