Tether Reveals XAU₮ Backing Report and New Expansion Moves

• Tether confirmed each XAU₮ token is backed 1:1 by physical gold stored in secure Swiss vaults.
• Tether expanded influence by investing in Fizen Limited and forming Twenty One Capital with major partners.

Tether has just made a breakthrough by releasing an official attestation report for Tether Gold (XAU₮) in the first quarter of 2025. In this report, they confirm that each XAU₮ token is indeed backed 1:1 by physical gold, precisely 246,523.33 troy ounces stored safely in a Swiss facility.

Just imagine if every digital token we hold could be directly exchanged for real gold! This certainly makes Tether Gold even more attractive, especially amidst the increasingly uncertain global economic conditions.

Tether Reports XAU₮ Grows Amid Shifting Monetary Landscape, Releases its First Attestation for Q1 2025, More Than 7.7 Tons of Physical Gold Backing the Token in Circulation

Read more @tethergold https://t.co/GM2ngyVFO6

— Tether (@Tether_to) April 28, 2025

Furthermore, the market capitalization of XAU₮ has now reached $770 million, as the token price peaked at $3,423 on April 21, 2025. This increase is not without reason. Many investors have recently chosen to take refuge in gold-based assets amid geopolitical tensions and ongoing inflation.

On the other hand, according to the CNF report, Tether has also begun to seriously expand its influence outside the world of traditional assets. They recently invested in Fizen Limited, a crypto wallet company with a self-custodian digital payment system.

This is no ordinary expansion — Tether seems to have big plans to make stablecoins and digital assets even more integrated into everyday life.

Tether Expands Its Steps into Investment and Sports

However, Tether’s breakthroughs don’t stop there. On April 22, 2025, they announced a strategic partnership with SoftBank and Cantor Fitzgerald to form Twenty One Capital, a $3.6 billion Bitcoin investment firm.

Tether itself contributed $1.5 billion in Bitcoin as initial capital, equivalent to 42,000 BTC. If you think about it, this is like buying the entire Bitcoin supply from several small exchanges in one go.

Not only that, Tether is also strengthening its steps in the world of sports. On April 24, 2025, they increased their stake in Italian football club Juventus to more than 10%. This move is not only about financial investment, but also shows how serious Tether is about expanding its presence in the entertainment and sports sectors.

This kind of investment is certainly not trivial, considering that Juventus is one of the football clubs with an extraordinary global fan base.

According to the latest report from Web3 research firm Nansen, Tether’s position in the stablecoin market is still very strong. As of April 2025, Tether (USDT) controlled around 66% of the stablecoin market share, far surpassing USDC which was only at 28%.

Interestingly, throughout 2024, Tether managed to rake in almost $14 billion in profits. It’s hard to imagine any other player being able to catch up with its dominance in the near future.