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Tether Gold has gained commodity status in Abu Dhabi, as DefiLlama data shows XAUT\u2019s locked value has climbed more than threefold to about $2.86 billion over the past year.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n Abu Dhabi Global Market has recognized XAUT<\/a> as an Accepted Spot Commodity, allowing regulated firms in the international financial center to provide services involving the tokenized gold asset when they hold the required permissions.<\/p>\n Under the designation, eligible companies can add XAUT-related products to their regulated offerings inside ADGM. Tether CEO Paolo Ardoino described the decision as a clearer route for approved firms seeking to support the asset, while ADGM linked the addition to an expanded selection of products available within the financial center.<\/p>\n The decision follows ADGM\u2019s earlier recognition of Tether\u2019s USDT<\/a> as an Accepted Fiat Referenced Token. With both assets now accepted under separate regulatory categories, Tether can place its dollar stablecoin and gold-backed token within one of the Middle East\u2019s largest international financial centers.<\/p>\n ADGM\u2019s treatment of XAUT applies only to firms that secure the relevant regulatory approvals. The designation does not give every company operating in the financial center automatic permission to offer trading, custody or other XAUT services.<\/p>\n <\/p>\n DefiLlama figures<\/a> show that Tether Gold\u2019s total value locked has risen from approximately $826 million to $2.86 billion within a year. Based on those figures, the increase amounts to about 246%, placing XAUT among the largest products in the tokenized commodity market.<\/p>\n RWA.xyz estimates<\/a> that tokenized commodities hold about $4.46 billion in distributed value. The data platform places the full tokenized real-world asset market at roughly $34.73 billion, giving commodities a share of nearly 13%.<\/p>\n Against those figures, XAUT\u2019s reported $2.86 billion in locked value represents a substantial portion of the commodity category tracked by RWA.xyz. Differences between TVL and distributed-value methods mean the two datasets are not directly interchangeable, but both indicate that gold-backed tokens account for a large share of commodity tokenization.<\/p>\n Use cases for XAUT are also moving beyond spot trading and custody. Bitcoin lending platform Ledn announced in June that it plans to accept the token as loan collateral later this year, which would let customers borrow against tokenized gold without selling their holdings.<\/p>\n Ledn\u2019s planned integration would place XAUT inside a crypto-backed lending product, adding a borrowing function to an asset mainly used for gold exposure. The company has not yet disclosed detailed terms such as loan-to-value ratios, interest rates or the exact launch date.<\/p>\n For regulated firms in ADGM, the new status could make similar services possible when their licenses cover the relevant activity. ADGM\u2019s announcement, however, did not identify which firms intend to add XAUT or set a timeline for the first regulated offerings.<\/p>\n Beyond tokenized gold, Tether has continued investing in payment systems and financial platforms. Last week, crypto.news reported<\/a> that the company led a $7 million Series A round for Pact Labs alongside Blockchange Ventures and Lasagna.<\/p>\n According to crypto.news, the financing will support Pact Labs\u2019 payroll and payment infrastructure while helping businesses adopt USAT, Tether\u2019s dollar-backed stablecoin designed for the US market. The partnership focuses on wage payments rather than crypto trading, targeting a US payroll sector that processes more than $11 trillion each year.<\/p>\n Another investment has extended Tether\u2019s presence in Latin American finance. Bloomberg reported that the company contributed $20 million<\/a> to a $197 million equity round for Argentine digital bank Ual\u00e1, adding the platform to Tether\u2019s portfolio of stablecoin-related investments.<\/p>\n Ual\u00e1 announced the round in March and identified Tether among the participants, though it did not disclose the issuer\u2019s contribution at the time. Allianz X led the financing, while Bloomberg later reported the size of Tether\u2019s individual investment.<\/p>\n These investments come as Tether faces questions over USDT\u2019s future availability<\/a> on US crypto platforms. CoinDesk reported that the first anniversary of the GENIUS Act has renewed attention on whether the foreign-issued stablecoin can meet the law\u2019s requirements before its transition period ends.<\/p>\n President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act into law one year ago, introducing a three-year compliance window. CoinDesk reported that uncertainty remains over how some deadlines will apply to foreign issuers such as Tether.<\/p>\n\n\n
Tokenized gold demand has lifted XAUT\u2019s locked value<\/h2>\n
Tether is extending its reach across payments and finance<\/h2>\n