Key facts
- Tether Gold's physical gold reserves grew 9.5% in Q2.
- Gold prices saw their worst quarterly decline in 13 years, down 14.1%.
- The number of XAUt holders increased by 6.5% to 253,000.
- Tether Gold is the largest distributed tokenized commodity product, valued at $2.4 billion.
Tether Gold (XAUt) saw its physical gold reserves increase by 9.5% during the second quarter, a period marked by a significant 14.1% decline in gold prices, its worst quarterly performance in 13 years. Tether CEO Paolo Ardoino stated that holders are utilizing market weakness to increase their ownership of physical gold through the XAUt token. The number of XAUt holders grew by 6.5% to 253,000, indicating rising demand for on-chain gold exposure. The total value of distributed tokenized commodities decreased by 4.2% in the past 30 days. In July, XAUt received Shariah certification from Amanah Advisors, potentially broadening its appeal to Islamic financial institutions. Tether Gold remains the largest tokenized commodity product, valued at $2.4 billion.