Tether Gold Reserves Surge 9.5% Amid Gold’s Worst Quarterly Drop Since 2013

Woofun AI reports that Tether Gold (XAUt) reserves expanded by 9.5% in the second quarter, a counterintuitive growth trajectory attributed to CEO Paolo Ardoino as reflecting heightened demand for tokenized gold exposure despite broader market headwinds.

This reserve accumulation occurred while the underlying asset suffered a severe correction; gold prices plummeted 14.1% during the quarter, marking its steepest quarterly decline since the second quarter of 2013. The divergence highlights a distinct investor behavior pattern where asset depreciation triggers increased on-chain accumulation rather than flight to cash.

Woofun AI data shows that while the broader sector of distributed tokenized commodities contracted by 4.2% to $4.58 billion over the past 30 days, holder counts for XAUt rose 6.5% to 253,000. This momentum builds on a 36% reserve increase in the first quarter, which reached 707,747 fine troy ounces valued at $3.3 billion, underscoring sustained institutional and retail interest in fully backed, transparent digital gold products.

The token’s market standing was further solidified by its July Shariah certification from Amanah Advisors, potentially unlocking access for Islamic financial institutions. As of Monday, Tether Gold remains the largest distributed tokenized commodity product with $2.4 billion in total value, signaling resilience in regulated digital asset adoption.