Tether minted $497.42M in XAUt (gold-backed tokens) to its Treasury, signaling strategic allocation toward real-world assets.
DeFi & Yields ·
Tether allocated approximately $497.42 million toward gold-backed tokens by minting 119.67K XAUt to its Treasury address on September 28, 2026, rather than issuing USDT stablecoins. The transaction was initiated from the Bitfinex Deployer 7 address and confirmed through the Tether Multisig wallet, transferring the tokens from the null address into Tether's Treasury holdings on Ethereum.
The move reflects a strategic shift in capital deployment toward real-world asset tokenization rather than stablecoin expansion. XAUt represents physical gold backing, positioning the treasury to hold commodities alongside its traditional reserves. The transaction settled successfully with minimal on-chain costs, indicating routine execution of the minting protocol.
The broader implications for Tether's reserve composition and future allocation between fiat-backed and commodity-backed token issuance remain unclear, as this appears to represent a single minting event rather than a systematic reorientation of Treasury operations.