{
  "id": 11006699,
  "title": "Tether creates $495 million batch of gold tokens",
  "url": "https://urgent.news/2026/09/30/tether-creates-495-million-batch-of-gold-tokens",
  "topic": "world",
  "section": "World",
  "published": "2026-09-30T18:23:52.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/tether-creates-495-million-batch-of-gold-tokens/"
  },
  "original_language": "en",
  "account": "Tether has recently issued a substantial $495 million batch of gold-backed XAU₮ tokens, expanding the market for tokenized gold. Arkham Analytics detected the issuance on September 29, noting that XAU₮, as opposed to the larger USDT stablecoin, was involved in the transaction. The mint included approximately 119,670 XAU₮ tokens, valued at about $494.6 million at the time based on on-chain data. At the time of issuance, around 809,000 XAU₮ tokens were circulating, with a market capitalization of roughly $3.4 billion. The tokens, each representing a fine troy ounce of physical gold held in London Good Delivery bars, are issued by TG Commodities, a Tether-affiliated entity in El Salvador. XAU₮ tokens are only issued after physical gold has completed the custodian's intake procedure, unlike USDT, which is backed by a broader portfolio of reserve assets. As of June 30, Tether held 707,747.139 fine troy ounces of physical gold, valued at about $2.84 billion. The new mint, comprising approximately 119,670 tokens, significantly increases the token inventory since the end of June, indicating an expansion in the product's availability.",
  "summary": "Tether has minted about $495 million of its gold-backed XAU₮ token, adding a large new batch of digital bullion as the market for tokenised gold expands. Blockchain analytics firm Arkham identified the issuance on September 29, saying Tether’s latest mint involved XAU₮ rather than its much larger dollar-linked USDT stablecoin. The transaction comprised roughly 119,670 XAU₮ and was valued at about…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}