“Tether has confirmed the provision of the XAUT 7.7 tons of gold, which corresponds to the market capitalization of $ 770 million at the end of the first quarter of 2025. Demand for tokenized assets is increasing, and Tether Gold remains the most capitalized product in its segment against the background of rising gold prices. Competition in the stablcoin market is intensified, but USDT holds more than 66% of the market, despite the activation of new players and the implementation of institutional tools. Tether reported that security […]”, – WRITE: Businessua.com.ua
- Tether has confirmed the provision of the XAUT 7.7 tons of gold, which corresponds to the market capitalization of $ 770 million at the end of the first quarter of 2025.
- Demand for Tokenized assets are increasing, and Tether Gold remains the most capitalized product in its segment against the background of rising gold prices.
- Competition in the stablcoin market is intensified, but USDT holds more than 66% of the market, despite the activation of new players and the implementation of institutional tools.
Tether reported that the provision of Tether Gold (Xaut) at the end of the first quarter of 2025 was 7.7 tons of physical gold. This is the first official certification of token, launched in 2020.
“Tether Gold remains the most capitalized, safe and corresponding to the requirements of a token gold product on the market,” the issuer statement stated.
Despite the fact that XAUT is less popular than the main USDT stablcoin, its cost increases against the background of rising gold prices. Over the last month, gold has risen by about 8%, while Bitcoin increased by 14%. Last week, Xaut updated the historic maximum at $ 3423, Tether reported.
At the end of the first quarter, the market capitalization of Tether Gold reached $ 770 million. Each token XAut is provided with a single Troi ounce of gold stored in a safe storage in Switzerland, added to the company.
USDT positions on the market As of April 25, the USDT share in the steiblcoin market exceeded 66%, while the closest competitor – USDC from Circle – had about 28%, writes Cointelegraph, citing Nansen data.
In the third place is a new player – USDE steiblcoin from EtemENA, with a fraction of a little more than 2%.
Source: Nansen.
Despite the activation of competitors through the new regulatory rules and the emergence of institutional players, Tether remains the leader in the number of users and transactions.
Competition in the market is growing The former co -founder of Tether Collins Riv Collez said in a comment to Cointelegraph that competition in the stablcoin market is increasing, and the dominance of the dollar is gradually weakening.
According to him, interest in steiblcoins, secured not only by currency but also by real assets, such as gold or raw materials. This expands opportunities for users and creates additional demand.
Collins also noted that the US President’s involvement in the launch of USD1 steiblcoin from World Liberty Financial signals a new stage of global recognition of digital assets.
We will remind, in Standard Charterred forecast the growth of total capitalization of steiblcoins to $ 2 trillion by 2028.
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