Gold Hits Record Highs as Tether Shifts Focus to Gold-Backed Stablecoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1d ago- Gold Price Surge: As of January 26, gold reached a record high of $5,110.50 per ounce, appreciating over 50% in the last six months, highlighting its strong appeal as a safe haven asset amid the dollar's depreciation.
- Bitcoin Underperformance: During the same period, Bitcoin lost 25% of its value, with the total crypto market cap declining by approximately 25%, further emphasizing gold's advantages as a store of value.
- Tether's Gold Stablecoin: Tether has shifted its focus to its gold-backed stablecoin, Tether Gold (XAUT), holding 520,089.35 ounces of gold worth about $2.2 billion by Q4 2025, indicating its significant position in the gold market.
- Global Gold Holder Ranking: According to IMF data, Tether now ranks among the top 30 global gold holders, surpassing countries like Greece, Qatar, and Australia, reflecting its growing influence in the global gold market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
