Tether released its third-quarter reserve report on Wednesday, disclosing that the physical gold backing Tether Gold (XAUT) reached approximately 25.7 tonnes as of September 30, marking a 59% increase over the position recorded at the end of 2025.

According to the report, those holdings are valued at approximately $3.44 billion.

The disclosure gives holders and observers a periodically refreshed view of the physical backing behind an on-chain gold product. In a sector where the bullion itself sits off-chain in vaults, such recurring reserve reports function as the public record against which shifts in the underlying holdings can be tracked.

About Tether Gold

Tether Gold (XAUT) is a tokenized gold product launched by Tether in January 2020. Each XAUT token is designed to represent ownership of one troy fine ounce of physical gold held in a Swiss vault, and holders can verify the gold allocated to their tokens through the issuer's official lookup service.

Tether, the company best known as the issuer of the USDT stablecoin, periodically publishes reserve reports covering the assets that back its products. Its tokenized gold offering sits alongside similar blockchain-based gold products in the market, such as Paxos Gold (PAXG). Because these reports are published on a recurring basis, the Q3 gold figure serves as the reference level that Tether's subsequent disclosures can be compared against.

This content was first published on COINOTAG: https://en.coinotag.com/tether-gold-reserves-rise-59-percent-25-7-tonnes-q3