Tether Gold Gains Abu Dhabi Status, TVL Triples to $2.86B

Woofun AI reports that Tether Gold (XAUT) has been designated an Accepted Spot Commodity within the Abu Dhabi Global Market (ADGM), a regulatory milestone attributed to Tether CEO Paolo Ardoino’s strategic push. This classification mirrors the earlier acceptance of USDt (USDT) as an Accepted Fiat Referenced Token, solidifying Tether’s footprint in the Middle East’s premier financial hub.

Market metrics reflect a surge in capital allocation following the regulatory shift. DefiLlama data shows total value locked (TVL) for the asset has more than tripled over the past year, climbing from approximately $826 million to roughly $2.86 billion. This expansion indicates growing institutional confidence in tokenized precious metals.

Structurally, the asset is expanding beyond simple custody into utility-driven applications. In June, Bitcoin lending platform Ledn announced plans to accept XAUT as loan collateral, enabling clients to leverage holdings without liquidation. Per Woofun AI, tokenized commodities now hold a distributed value of about $4.46 billion, representing nearly 13% of the $34.73 billion tokenized real-world asset market tracked by RWA.xyz.

The ADGM designation provides regulated firms with a clearer path to integrate these assets, directly supporting business growth through expanded products and services. This marks a critical step in legitimizing tokenized commodities within established financial centers.