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27/03/26 10:06 UTC-04

Tether Gold launches on BNB Chain, expanding access to tokenized gold

Tether has launched Tether Gold (XAU₮) on BNB Chain, allowing users to hold digital tokens backed by real gold. This move comes after gold prices rose by 64% in 2025—the largest increase in 40 years. Each token represents one troy ounce of gold stored in Swiss vaults and verified through independent audits.

The listing on BNB Chain enables both retail and institutional investors to access physical gold through a single digital platform. Previously, gold trading involved custodians, settlement delays, and additional costs. “People understand gold. They trust it because it has preserved value for thousands of years,” said Paolo Ardoino, CEO of Tether. “With XAU₮, we are not changing what gold is; we are making it usable in the modern financial system.”

A bridge between gold and digital assets

XAU₮ currently leads the tokenized gold market, holding approximately 60% of the $4 billion market. The token operates across more than 12 blockchains via Tether’s USDt system. This structure allows users to instantly transfer, allocate, and exchange gold without intermediaries.

Nina Rong, Executive Director of Growth at BNB Chain, said: “This gives users a reliable, gold-backed asset they can use in DeFi without friction.” The listing also strengthens the real-world asset ecosystem of BNB Chain, supporting broader DeFi adoption.

Tether is also increasing transparency by undergoing a full audit by a Big Four firm. The review covers Tether Gold reserves and tokenized liabilities, as well as $USDT. Simon McWilliams, CFO of Tether, stated: “The audit will be conducted because the organization already operates at Big Four audit standards.” This provides investors with clearer insight into how the gold is backed and managed.

Compliance and industry oversight

Separately, Tether and Cycle froze an Ethereum wallet linked to the Iranian exchange Wallex, which held approximately $117,000 in stablecoins. Blockchain data shows the funds have not moved, indicating coordinated enforcement action. The freeze also highlights the caution major stablecoin issuers are exercising regarding regulatory compliance.

With XAU₮ now on BNB Chain, Tether enables participants to trade physical gold instantly while adhering to strict backing standards. This move narrows the gap between large institutional holders and retail investors, giving more people direct access to gold through digital platforms.

See also: "OKX is not rushing an IPO due to risks for the crypto industry"

#Gold #Tether #BNB Chain

Editor: Alyona Nabok
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