Tether has rolled out its gold-backed token Tether Gold on BNB Chain, further expanding its multi-chain presence and strengthening the link between physical assets and blockchain-based finance.
Summary
Tether has introduced XAUt on BNB Chain, extending access to its tokenized gold product.
Each XAUt token is backed 1:1 by one troy ounce of physical gold stored in Swiss vaults.
BNB Chain now hosts around $3.2 billion in real-world assets, with over 41,000 holders.
The launch brings tokenized gold deeper into the on-chain ecosystem, enabling faster transactions and wider accessibility. Each XAUt token represents ownership of a specific quantity of physical gold—one troy ounce—secured in Swiss vaults. According to Tether, roughly 1,800 gold bars, totaling more than 22,100 kilograms, currently back the circulating supply.
With this move, XAUt joins Tether on BNB Chain, combining digital representations of both cash and gold within the same ecosystem. This pairing allows users to access traditional store-of-value assets alongside stable liquidity in a blockchain environment.
Tether CEO Paolo Ardoino described the expansion as part of a broader push to integrate tangible assets into digital finance. He emphasized that tokenized gold can function not only as a hedge or store of value but also as collateral within decentralized finance and institutional use cases.
The deployment also highlights BNB Chain’s growing role in the real-world asset (RWA) sector. With approximately $3.2 billion in tokenized assets and more than 41,000 on-chain participants, the network has positioned itself as one of the leading platforms for RWAs—second only to Ethereum in overall scale—while offering lower transaction costs.
More broadly, the expansion reflects a larger trend where both crypto-native firms and traditional financial institutions are exploring tokenization. From tokenized bonds to on-chain credit products, the line between conventional finance and blockchain ecosystems continues to blur.
With XAUt now live on BNB Chain, users can combine tokenized gold and stablecoins for various use cases, including trading pairs, DeFi collateral, and portfolio hedging strategies. This mirrors the traditional allocation of holding both dollars and gold—but with the added benefits of blockchain, such as faster settlement, programmability, and cross-chain liquidity.
As competition in the RWA space intensifies, Tether’s move underscores how major stablecoin issuers are expanding beyond fiat-backed tokens to capture new opportunities in tokenized commodities and financial instruments.
