In the quiet hush between bell and ticker, gold today climbs to a daylight’s doorway, and with it XAUt reveals itself as something between reliquary and rumor. A token that wears the glitter of bullion yet bears the face of a ledger, it has crossed the threshold of a billion in market capitalization, becoming the second grand tokenized gold product to do so after Paxos’ PAXG. A small marvel, or perhaps fortune’s sly joke. 💎😉
According to rwa.xyz, XAUt’s market capitalization sits at $1,053,158,858, while spot gold persists above $3,800 per ounce, marking a 19.90% rise over the last thirty days. Each token bears a Net Asset Value (NAV) of $3,862, up 8.51% from the previous month, and the current price per token sits near $3,865, closely following the gold’s own glitter. A neat alignment, one might say, as if the universe itself kept time with the ticker. 🤔🧭
XAUt is a digital asset issued by Tether and backed by real gold, offering a route to invest in gold through the scaffolding of blockchain without shouldering the burdens that accompany physical possession. For every XAUt, one fine troy ounce of gold lies guarded in Swiss vaults. Its value tracks the gold price in a straightforward, almost naïve way, making it a clear path through the maze of modern finance. In September 2025, the combined trading volumes of XAUt and PAXG surpassed $3.2 billion. 🪙💬
Emerging presence of Tether in the digital asset space
Tether is best known for USDT, the world’s largest stablecoin, and it now extends its reach with blockchain-based versions of both fiat currencies and physical assets. In September, Tether announced the launch of a new U.S.-regulated stablecoin called USAT. The event took place in New York City, where the bustle of finance meets the theatre of publicity, and where, apparently, the Genius Act would draft itself in invisible ink. Recently, Tether announced the integration of USAT to the Rumble platform to reach out to more users, turning the stage into a marketplace and the audience into participants. 🎭🧩
Additionally, whispers speak of a grand capital raise. According to CEO Paolo Ardoino, the company contemplates a funding round that would set its value at about $500 billion. The plan is to sell a 3% stake through a private placement, which could bring in between $15 and $20 billion. A number that makes the mind wander to drawing-room speculations and the distant clink of coins in a velvet-lined cabinet. 💼💰
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2025-10-04 15:57