Key Notes

Tether Gold (XAUt) crossed the $1 billion market cap milestone on October 1, becoming the second tokenized gold product to do so.

The token's value surpassed the threshold with gold's recent rally to a new all-time high of over $3,800 per ounce.

The market for tokenized gold now features a duopoly between Tether's XAUt and the NYDFS-regulated Paxos Gold (PAXG).

Tether Gold , a digital token backed by physical gold, has officially surpassed the $1 billion market capitalization mark. The milestone, reached on Oct. 1, 2025, highlights growing investor interest in tokenized real-world assets (RWA) and was largely driven by a historic rally in the price of gold, a sentiment recently echoed by Tether’s CEO.

The token’s market value grew directly because of its underlying asset. Ac

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