# Tether Gold (XAUT)

<https://galactic.inc/analytics/xaut/>

Data block: 26,237,861 (2026-10-21 02:04 UTC)

[Tether](https://gold.tether.to/) · Gold · Ethereum
- Price: $4,113.78
- Market cap: $3.40B
- Supply: 827,417.63
- Holder addresses: 62,475
- Top 10 share: 57.7%
- Transfer volume (30d): $7.30B

Tether Gold (XAUT) is a gold-backed token issued by Tether; each token represents one troy ounce of physical gold held in a Swiss vault. On Ethereum it has a supply of 827,417.63 tokens held by 62,475 addresses, for a market cap of $3.40B at block 26,237,861.

## Price sources

| Source | Value | Type | Estimated | Link | As of |
|---|---|---|---|---|---|
| Chainlink XAU/USD | $4,110.63 | On-chain read | No | [data.chain.link](https://data.chain.link/feeds/ethereum/mainnet/xau-usd) | 2026-10-21 |
| RWA.xyz | $4,174.43 | Third party | No | [app.rwa.xyz](https://app.rwa.xyz/assets/XAUT) | 2026-10-21 |

## Backing

Report date: 2026-06-30

### Token supply vs reported

| Comparison | Token supply | Reported | Gap | Ratio |
|---|---|---|---|---|
| Ethereum supply on the report date vs tokens outstanding | 707,747.089 | 707,747.090 | −0.001 | 1.0000 |
| Ethereum supply on the report date vs gold reserves | 707,747.089 | 707,747.139 | −0.050 | 1.0000 |
| Current Ethereum supply vs gold reserves at the report date | 827,417.630 | 707,747.139 | +119,670.491 | 1.1691 |

### Token supply

| Ethereum, block 26,237,861 | XAUT |
|---|---|
| Tokens outstanding | 827,417.63 |
| Market cap (Ethereum) | $3.40B |

### Reported assets

| [Issuer report](https://gold.tether.to/reports/) · [Assurance report (PDF)](https://gold.tether.to/docs/reports/attestations/ISAE_3000R_-_Opinion_TGRR_30.06.2026_RC187322026DV0170.pdf) | Reported |
|---|---|
| Gold reserves held by the custodian | [707,747.139 oz](https://gold.tether.to/reports/) |
| Tokens outstanding (all chains) | [707,747.090 XAU₮](https://gold.tether.to/reports/) |
| Sold to holders | [612,823.660 XAU₮](https://gold.tether.to/reports/) |
| Available for sale, held by an issuer affiliate | [94,923.430 XAU₮](https://gold.tether.to/reports/) |
| Market value of tokens outstanding | [$2.84B at $4,008.02 / oz](https://gold.tether.to/reports/) |
| Custody | [LBMA Good Delivery bars, vaulted in Switzerland](https://gold.tether.to/reports/) |

| [Gold bar](https://gold.tether.to/reports/) | Quantity | Fine troy oz |
|---|---|---|
| 12.5 kg | 1,759 | 706,975.587 |
| 1.0 kg | 15 | 482.220 |
| 0.5 kg | 18 | 289.332 |

## Key facts

- **Issuer:** [Tether](https://gold.tether.to/)
- **Category:** Gold
- **Chains:** Ethereum
- **Deployed:** 2021-10-31
- **Transfers (30d):** 125,947
- **Transfer volume (30d):** $7.30B
- **Data block:** [26,237,861](https://etherscan.io/block/26237861)

## Regulatory structure

As of 2026-10-16

- **Issuer legal entity:** [TG Commodities, S.A. de C.V.](https://gold.tether.to/legal/termsofservice)
- **Jurisdiction of issuer:** [El Salvador](https://gold.tether.to/legal/termsofservice)
- **Regulatory framework / offering exemption:** [Stablecoin issuer authorization, El Salvador (CNAD)](https://gold.tether.to/legal/termsofservice)
- **Eligible investors:** [Customers verified by Tether Gold (direct purchase and redemption)](https://gold.tether.to/legal/termsofservice)
- **US persons:** [Restricted (see issuer wording)](https://gold.tether.to/legal/termsofservice)
- **Transfer restrictions:** [Issuer consent for transfers to or from a Gold Token Wallet](https://gold.tether.to/legal/termsofservice)
- **Admin controls disclosed:** [Freeze; address blacklisting; confiscation](https://gold.tether.to/legal/termsofservice)
- **Contract functions (Ethereum bytecode):** [addToBlockedList(address), destroyBlockedFunds(address)](https://etherscan.io/address/0x4c0d2c74a8d26f1e4f5653021c521f5471f9e566#code)
- **Exposure type:** [Tokenized asset (allocated gold)](https://gold.tether.to/legal/termsofservice)

[Definitions and methodology](https://galactic.inc/analytics/xaut/#regulatory-glossary)

## Contract control

| Holder | Roles | Type | Key use | Last rotated |
|---|---|---|---|---|
| **Ethereum** |  |  |  |  |
| [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | Upgrade admin, Owner | Multisig 3/6 | Dedicated | [2021-11-08](https://etherscan.io/tx/0x2e7863a2bb61eea382f8be782984c1a1f07a14ceb4840cdf5b714e2792ad0f3b) (1,807 days ago)Rotations in past 24 months: 0 · Within 12 months: NoSigners last changed: 2023-02-27 |

## Role history

| Role | Key | Type | Added | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |
| Upgrade admin | [0x856f…873e](https://etherscan.io/address/0x856fcc085290ac1e40392442211e6a333afb873e) | Other contract | [2021-10-31](https://etherscan.io/tx/0x0689c4b1a0cff99365758770ef5431886c705b3de1cf65d70736662b114579d0) | 1,815 | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | — |
| Owner | [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | Multisig | [2021-11-08](https://etherscan.io/tx/0x2e7863a2bb61eea382f8be782984c1a1f07a14ceb4840cdf5b714e2792ad0f3b) | 1,807 | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | — |
| Owner | [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | Multisig | [2021-11-08](https://etherscan.io/tx/0x1f806fdcef88a647c781eb06921dbc8863efa7d6ab3e33f9fb00569a2314c1cc) | 1,807 | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | — |
| Multisig signer 0xc6cd…a828 | [0xac3b…1fa0](https://etherscan.io/address/0xac3b242e2e561da9f4ce34746e67d004e6341fa0) | Single key | [2023-02-27](https://etherscan.io/tx/0x34712bd255bbc0ca00e0db9d78ef8e09a1fd62de7814d603e544929f4ba66585) | 1,331 | [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | — |
| Multisig signer 0xc6cd…a828 | [0xee52…fc8c](https://etherscan.io/address/0xee5207d3c88562fc814496af0845b34cfd4afc8c) | Single key | [2021-08-17](https://etherscan.io/tx/0x999541d427be716c7a1aab80cee10dd74daa750af4f57fd63997619ae1741391) | 1,890 | [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | — |
| Multisig signer 0xc6cd…a828 | [0x4d91…8973](https://etherscan.io/address/0x4d915dd2c56814bd3db51a1da35b302bcc9c8973) | Single key | [2021-08-17](https://etherscan.io/tx/0x16ad57778a664af8050ec98e8128bf66b3d669f7f4cf95a6318b12d3207380e2) | 1,890 | [0xc6cd…a828](https://etherscan.io/address/0xc6cde7c39eb2f0f0095f41570af89efc2c1ea828) | — |
| Multisig signer 0xc6cd…a828 | [0x25bb…4155](https://etherscan.io/address/0x25bb61643e4881147e6aabb65e6dd45cf2904155) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0xc6cd…a828 | [0x4096…85c1](https://etherscan.io/address/0x4096a34e582664f969753b34da6e72d55b3c85c1) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Multisig signer 0xc6cd…a828 | [0x61d5…9fed](https://etherscan.io/address/0x61d5a4d5bd270e59e9320243e574288e2a199fed) | Single key | Earliest available state: 2026-10-20 | — | — | — |
| Signing threshold 0xc6cd…a828 | Threshold: 3 | — | Earliest available state: 2026-10-20 | — | — | — |

**Past holders (4)**

| Role | Key | Type | Added | Removed | Days held | Granted by | Other assets |
|---|---|---|---|---|---|---|---|
| **Ethereum** |  |  |  |  |  |  |  |
| Owner | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | Single key | [2021-10-31](https://etherscan.io/tx/0x0689c4b1a0cff99365758770ef5431886c705b3de1cf65d70736662b114579d0) | [2021-11-08](https://etherscan.io/tx/0x2e7863a2bb61eea382f8be782984c1a1f07a14ceb4840cdf5b714e2792ad0f3b) | 8 | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | — |
| Owner | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | Single key | [2021-10-31](https://etherscan.io/tx/0x1f4453adc9cbfa65716c1e8df0082b4ec91b97fe142ace3c176d16a156fdd4c6) | [2021-11-08](https://etherscan.io/tx/0x1f806fdcef88a647c781eb06921dbc8863efa7d6ab3e33f9fb00569a2314c1cc) | 8 | [0x341a…07ff](https://etherscan.io/address/0x341a38b69a6b8f00fad4eed3a2b8528e3fed07ff) | — |
| Multisig signer 0xc6cd…a828 | [0xe1f3…046f](https://etherscan.io/address/0xe1f3c653248de6894d683cb2f10de7ca2253046f) | Single key | Before 2021-08-17 | [2021-08-17](https://etherscan.io/tx/0x999541d427be716c7a1aab80cee10dd74daa750af4f57fd63997619ae1741391) | — | — | — |
| Multisig signer 0xc6cd…a828 | [0xf4b5…e2a8](https://etherscan.io/address/0xf4b51b14b9ee30dc37ec970b50a486f37686e2a8) | Single key | Before 2023-02-27 | [2023-02-27](https://etherscan.io/tx/0x4bb1b35d6a7b6739656597406a2c8873b68786f8ca34816bf5f41750429016ea) | — | — | — |

## Change log

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2023-05-25 12:02:11 | Ethereum | Implementation upgraded | 0x4c0d…e566 | [0x9d5d…eec0](https://etherscan.io/tx/0x9d5d62bea04ad361a74140adf6e9eada261cd8e4361a9692e929d5c7ac56eec0) |
| 2023-02-27 16:33:11 | Ethereum | Signer removed | 0xf4b5…e2a8 | [0x4bb1…16ea](https://etherscan.io/tx/0x4bb1b35d6a7b6739656597406a2c8873b68786f8ca34816bf5f41750429016ea) |
| 2023-02-27 16:30:23 | Ethereum | Signer added | 0xac3b…1fa0 | [0x3471…6585](https://etherscan.io/tx/0x34712bd255bbc0ca00e0db9d78ef8e09a1fd62de7814d603e544929f4ba66585) |
| 2021-11-08 16:09:17 | Ethereum | Ownership transferred | 0x341a…07ff → 0xc6cd…a828 | [0x1f80…c1cc](https://etherscan.io/tx/0x1f806fdcef88a647c781eb06921dbc8863efa7d6ab3e33f9fb00569a2314c1cc) |
| 2021-11-08 16:05:58 | Ethereum | Ownership transferred | 0x341a…07ff → 0xc6cd…a828 | [0x2e78…0f3b](https://etherscan.io/tx/0x2e7863a2bb61eea382f8be782984c1a1f07a14ceb4840cdf5b714e2792ad0f3b) |
| 2021-10-31 11:21:50 | Ethereum | Proxy admin changed | 0x0000…0000 → 0x856f…873e | [0x0689…79d0](https://etherscan.io/tx/0x0689c4b1a0cff99365758770ef5431886c705b3de1cf65d70736662b114579d0) |
| 2021-10-31 11:21:50 | Ethereum | Ownership transferred | 0x0000…0000 → 0x341a…07ff | [0x0689…79d0](https://etherscan.io/tx/0x0689c4b1a0cff99365758770ef5431886c705b3de1cf65d70736662b114579d0) |
| 2021-10-31 11:21:50 | Ethereum | Implementation upgraded | 0xd131…36b4 | [0x0689…79d0](https://etherscan.io/tx/0x0689c4b1a0cff99365758770ef5431886c705b3de1cf65d70736662b114579d0) |
| 2021-10-31 11:11:39 | Ethereum | Ownership transferred | 0x0000…0000 → 0x341a…07ff | [0x1f44…d4c6](https://etherscan.io/tx/0x1f4453adc9cbfa65716c1e8df0082b4ec91b97fe142ace3c176d16a156fdd4c6) |
| 2021-08-17 12:34:25 | Ethereum | Signer added | 0xee52…fc8c | [0x9995…1391](https://etherscan.io/tx/0x999541d427be716c7a1aab80cee10dd74daa750af4f57fd63997619ae1741391) |

**Show 2 earlier events**

| Time (UTC) | Network | Event | Details | Transaction |
|---|---|---|---|---|
| 2021-08-17 12:34:25 | Ethereum | Signer removed | 0xe1f3…046f | [0x9995…1391](https://etherscan.io/tx/0x999541d427be716c7a1aab80cee10dd74daa750af4f57fd63997619ae1741391) |
| 2021-08-17 12:32:46 | Ethereum | Signer added | 0x4d91…8973 | [0x16ad…80e2](https://etherscan.io/tx/0x16ad57778a664af8050ec98e8128bf66b3d669f7f4cf95a6318b12d3207380e2) |

## Leadership

- [Paolo Ardoino](https://galactic.inc/analytics/people/paolo-ardoino/) · Chief Executive Officer
- [Giancarlo Devasini](https://galactic.inc/analytics/people/giancarlo-devasini/) · Chairman
- [Simon McWilliams](https://galactic.inc/analytics/people/simon-mcwilliams/) · Chief Financial Officer
- [Claudia Lagorio](https://galactic.inc/analytics/people/claudia-lagorio/) · Chief Operating Officer

## Contracts

| Address | Asset |  |
|---|---|---|
| [0x68749665ff8d2d112fa859aa293f07a622782f38](https://galactic.inc/analytics/xaut/ethereum/0x68749665ff8d2d112fa859aa293f07a622782f38/) | Tether Gold XAUt | [Etherscan](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38) |

## Top 10 holders

| # | Address | Balance |
|---|---|---|
| 1 | [0x73f17d2f6572b436e0f5ed90ea66dc54123ac32e](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x73f17d2f6572b436e0f5ed90ea66dc54123ac32e) | 149,140.45 |
| 2 | [0x5754284f345afc66a98fbb0a0afe71e0f007b949](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x5754284f345afc66a98fbb0a0afe71e0f007b949) | 98,093.97 |
| 3 | [0x785f041a4dae0c1e5edcbb081f1a2bb9684eff76](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x785f041a4dae0c1e5edcbb081f1a2bb9684eff76) | 40,805.00 |
| 4 | [0xf9b35626ae6a1940f4310145b28b2f72e4098057](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0xf9b35626ae6a1940f4310145b28b2f72e4098057) | 38,264.64 |
| 5 | [0x79ee72b4038c1da4613ac6d1c16305afe7d7b74f](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x79ee72b4038c1da4613ac6d1c16305afe7d7b74f) | 36,426.82 |
| 6 | [0x742d35cc6634c0532925a3b844bc454e4438f44e](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x742d35cc6634c0532925a3b844bc454e4438f44e) | 32,439.21 |
| 7 | [0xb9c2321bb7d0db468f570d10a424d1cc8efd696c](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0xb9c2321bb7d0db468f570d10a424d1cc8efd696c) | 30,265.29 |
| 8 | [0xf977814e90da44bfa03b6295a0616a897441acec](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0xf977814e90da44bfa03b6295a0616a897441acec) | 19,665.00 |
| 9 | [0x073f564419b625a45d8aea3bb0de4d5647113ad7](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x073f564419b625a45d8aea3bb0de4d5647113ad7) | 18,437.29 |
| 10 | [0x53222d71015590b293c3e27e38ab1189686a7d4f](https://etherscan.io/token/0x68749665ff8d2d112fa859aa293f07a622782f38?a=0x53222d71015590b293c3e27e38ab1189686a7d4f) | 16,901.00 |

## Frequently asked questions

**What is XAUT?**

XAUT is a token that provides you ownership of physical gold.

**Who issues XAUT?**

Tether issues XAUT.

**How is the XAUT price on this page determined?**

The price is determined by the Chainlink XAU/USD price feed.

## Related assets

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- [AZG Gold · $127.7M](https://galactic.inc/analytics/azg/)
- [XAUm Gold · $45.2M](https://galactic.inc/analytics/xaum/)
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