Tether Gold Reserves Rise 9.5% During Gold’s Sharpest Quarterly Drop Since 2013

Tether Gold, the gold-backed token known as XAUt, increased its bullion reserves by 9.5% in the second quarter, according to Cointelegraph. The rise came during a difficult period for the underlying commodity, with gold posting its sharpest quarterly correction since 2013.

The development matters because it shows continued activity in tokenized commodities even when the physical asset backing them is under pressure. For crypto markets, XAUt’s reserve growth points to ongoing demand for blockchain-based exposure to real-world assets such as gold.

XAUt is designed to be backed by physical bullion, making its reserve levels a key measure for readers tracking the token’s relationship to the commodity it represents. A larger bullion base can indicate expanded token backing, though the source does not attribute the increase to a specific cause.

Cointelegraph also reported that holder counts for tokenized commodities continued to rise. That trend adds context to the quarter’s reserve growth, suggesting that interest in commodity-linked tokens remained present despite gold’s weak quarterly performance.

The quarter highlights a broader tension in tokenized real-world assets: adoption metrics can move higher even when the underlying market is correcting. For XAUt, the notable point was not a gold price rally, but the increase in reserves and holders during gold’s worst quarter in more than a decade.