Stablecoin giant Tether said Thursday that its gold backed token, Tether Gold (CRYPTO: $XAUt), has launched on BNB Chain.
XAUt, the largest tokenized gold product in crypto, currently sits at an estimated market cap of around $2.49 billion, with each XAUt token backed 1:1 by physical gold reserves held in Swiss vaults as London Good Delivery bars.
BNB Chain noted that the addition of XAUt expands access to real-world assets (RWAs) within its ecosystem, where tokenized assets are already being held, traded, and integrated across decentralized applications.
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“People understand gold. They trust it because it has held value for millennia,” said Paolo Ardoino, CEO of Tether. “With XAU₮, we are not changing what gold is; we are making it usable in a modern financial system. You still have direct exposure to physical gold, but now it can move instantly, settle globally, and integrate seamlessly with digital markets."
The blockchain firm says bringing gold onchain will give its users exposure to the yellow metal without the need for physical custody, storage, or offchain settlements.
BNB Chain further stated that the integration adds an asset class that is not tightly correlated with crypto markets, offering additional flexibility for developers building financial products onchain.
Paolo Ardoino added "Listing on BNB Chain expands that access to hundreds of millions of users, bringing gold into a system where it can actually be used, not just held.”
As part of the rollout, crypto exchange Binance said it opened spot trading pairs for XAUt including USDT (CRYPTO: $USDT), BTC (CRYPTO: $BTC), FDUSD and USDC.
The rollout comes on the heels of a historic bull run in gold, with the price surging 64% in 2025, its largest annual gain in 40 years.
