Tether Gold's capital reached nearly $1.5 billion after the treasury encryption move.

Tether Gold (XAUt), a digital token backed by gold issued by Tether, is approaching a market cap of 1.5 billion USD, backed by 966 gold bars weighing 11,693 kg. The total supply of XAUt is 375,572 ounces, of which more than 261,000 ounces (approximately 1 billion USD) is in circulation.

The increase of XAUt reflects the spot gold price reaching a peak of 3,896 USD/ounce, due to concerns about a U.S. government shutdown and expectations of the Fed lowering interest rates. The price of XAUt has risen 46% in the past year and 10% in the past month, placing this token among the top 100 largest cryptocurrencies.

Tether is also expanding its digital gold strategy, planning to raise 200 million USD with Antalpha to establish DATCO – a company focused on tokenized gold. At the same time, Tether has invested over 200 million USD in Elemental Altus, demonstrating its long-term ambitions in the digital gold space.