Tether has expanded its gold-backed token, XAU₮, to Binance and BNB Chain. This builds on Tether’s already dominant position – holding 60% of the $4 billion tokenized gold market – and now reaches over 12 different blockchain networks thanks to its USDt0 system.
Summary
- Tether’s gold-backed token XAU₮ is now live on BNB Chain, bringing the product to the world’s largest cryptocurrency exchange ecosystem and expanding its cross-chain reach to over 12 blockchains via the USDt0 network.
- The gold-backed stablecoin market grew from roughly $1.3 billion to over $4 billion in 2025, with XAU₮ commanding approximately 60% of total supply.
- Binance simultaneously listed XAUt on March 26, offering spot trading, 1–50x USDT perpetual contracts, VIP borrowing, and one-click purchases via card and mobile pay.
Tether announced on March 26th that Tether Gold (XAU₮) is now available on BNB Chain, bringing its popular tokenized gold product to the ecosystem of the world’s biggest cryptocurrency exchange and its vast user base. Each XAU₮ token is backed by one troy ounce of physical gold that meets London Good Delivery standards, stored securely in Swiss vaults, and verified by independent audits on a one-to-one basis.
The launch is happening at a great time, as interest in tokenized gold is rapidly increasing. Gold prices jumped 64% in 2025 – the biggest yearly increase in four decades – and reached over 50 record highs. This surge was driven by global political instability and concerns about trade, leading investors to seek safer investments. The market for stablecoins backed by gold almost tripled during the same period, growing from around $1.3 billion to over $4 billion, with XAU₮ accounting for roughly 60% of all available tokens.
XAU₮ on the BNB Chain is powered by Tether’s USDt0 network, creating a single pool of liquidity accessible across over 12 different blockchains. This system streamlines the process of creating, sending, and finalizing transactions, and removes the usual hassles of owning physical gold – like storage, extra fees, and waiting for settlements.
What Tether and BNB Chain executives said
According to Tether CEO Paolo Ardoino, XAU₮ isn’t altering gold itself, but rather making it compatible with today’s financial world. It still represents real, physical gold, but now it can be transferred quickly, used internationally, and easily connected to digital markets. By launching on BNB Chain, they’re giving hundreds of millions of users access to a form of gold that can be actively used, instead of simply stored.
Nina Rong, from BNB Chain, explained that bringing XAU₮ to their platform expands what is already one of the biggest ecosystems for real-world assets, measured by total value locked. This provides users with a reliable asset backed by gold that they can easily use within the decentralized finance (DeFi) space.
BNB Chain doubles down on real-world assets
The launch of Tether Gold on BNB Chain strengthens the network’s growing role in tokenized real-world assets. BNB Chain saw a massive 555% increase in the value of these assets in the last quarter of 2024, becoming the second-largest blockchain for them after Ethereum. Adding XAU₮, which is already the most valuable gold-backed token, is expected to further boost this growth as more institutions start using tokenized commodities.
XAUt is a digital asset issued by TG Commodities, a company registered in El Salvador that’s authorized to issue digital assets. You can find details about the reserves backing XAUt and independent reports verifying those reserves on the website gold.tether.to. Binance added XAUt to its platform on March 26th, offering trading options like perpetual futures and leveraged trading, as well as products that aim to protect your initial investment. The launch experienced a short delay, moving from 21:30 to 22:00 UTC+8.
This announcement comes after Tether released Scudo in January – a digital unit representing one-thousandth of a troy ounce of gold. As we previously reported, the goal was to make tokenized gold practical for everyday transactions and use within the blockchain ecosystem.
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2026-03-26 23:09