XAUT Gold Token Hits BNB Chain | Tether Gold Market Insights

Tether announced on Thursday that it has launched a new gold-backed token, XAUT, on BNB Chain. This move integrates the world’s largest tokenized gold product into crypto’s second-largest Real-World Asset (RWA) ecosystem. The launch comes as gold prices soared to new highs in recent months.

Summary

Tether officially expanded its gold-backed token, Tether Gold (XAUT), to the BNB Chain.
XAUT maintains a market capitalization of approximately $2.5 billion, representing 60% of the tokenized gold market.
Binance listed XAU₮ for spot trading against pairs including USDT, BTC, FDUSD, USDC, and TRY.

The listing will allow BNB Chain users to access the XAUT token, the largest gold-backed token on the market with a nearly $2.5 billion market cap. This accounts for nearly half the total tokenized gold market, which currently sits at $5.3 billion, according to data from CoinGecko. Paxo’s PAX Gold follows XAUT with a market cap of around $2.3 billion.

Each XAUT token is backed by one fine troy ounce of physical gold. The gold is stored in Swiss vaults as London Good Delivery bars. Moreover, independent attestations confirm the 1:1 backing, and Tether’s report showed that the firm held over 520,000 troy ounces as of the end of 2025.

Binance, the world’s largest cryptocurrency exchange, which also launched the BNB token and BNB Chain network, has opened spot trading for XAUT pairs, such as USDT, Bitcoin, FDUSD, UDDC, and TRY.

Tether CEO Paolo Ardoino said, “People understand gold. They trust it because it has held value for millennia. With XAUT, we are not changing what gold is; we are making it usable in a modern financial system. You still have direct exposure to physical gold, but now it can move instantly, settle globally, and integrate seamlessly with digital markets.”

“Listing on BNB Chain expands that access to hundreds of millions of users,” he added, “bringing gold into a system where it can actually be used, not just held.”

XAUT Token Market Impact

Gold-Backed Security and Storage

Binance Listing and Trading Pairs

Binance, the world’s largest cryptocurrency exchange, which also launched the BNB token and BNB Chain network, has opened spot trading for XAUT pairs, such as USDT, Bitcoin, FDUSD, UDDC, and TRY.

Gold Prices Saw New Peaks

The gold price peaked above $5,500 in late January and remained above the $5,000 level earlier this month. However, the price has fallen to a recent price of $4,442, plunging nearly 15% in the last month. In the predictions market, Myriad, operated by Dastan, the parent company of Decrypto and Rug Radio,

Users anticipate a significant increase in the gold price. Users also predicted that the gold price will surge to $4,900 rather than falling towards $3,700.

About Tether

Tether is the largest and most widely used stablecoin, designed to maintain a 1:1 peg with the U.S. dollar, offering a low-volatility digital asset for traders. Tether was launched in 2014 and is pegged to fiat currencies and backed by reserves, operating on multiple blockchains, including Ethereum, Tron, and Solana. It is owned by iFinex, the same company behind the Bitfinex exchange. Earlier this week, the company announced that it has secured a “Big Four” accounting firm for the first time to perform a full independent audit on USDT reserves. It aims to strengthen trust ahead of a U.S. expansion.

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