Tether Rolls Out XAUt on BNB Chain as Gold Enters Crypto

TLDR Tether has launched XAUt on BNB Chain to expand access to its tokenized gold product. Binance has listed XAUt for spot trading against USDT, BTC, USDC, TRY, and U. XAUt holds a market cap of about $3.2 billion and is backed by roughly 1,800 gold bars in Swiss vaults. Spot gold reached $5,595 per ounce in January before falling to around $4,450 on March 26. Crypto.com now offers tokenized gold perpetual contracts alongside spot trading in XAUt and PAXG. Tether has launched XAUt on BNB Chain to expand access to its tokenized gold product. Binance confirmed it will list XAUt for spot trading against USDT, BTC, USDC, TRY, and U. The move places tokenized bullion inside one of the largest exchange ecosystems as gold trading activity shifts into crypto markets. XAUt and Tether Expand Tokenized Gold Access Tether introduced XAUt on BNB Chain to widen the distribution of its gold-backed token. The company aligned the launch with Binance’s spot listing announcement. As a result, traders can access XAUt across several major trading pairs on the same day. Binance stated it would enable spot trading for XAUt against USDT, BTC, USDC, TRY, and U. The exchange added the token to its main trading platform. Therefore, users can buy and sell tokenized gold within existing crypto portfolios. BNB Chain reported that XAUt holds a market cap of nearly $3.2 billion. The network linked the token to about 1,800 gold bars stored in Swiss vaults. Reuters reported in January that XAUt controls about 60% of the global gold-backed stablecoin market. BNB Chain ranks as the second-largest chain for RWAs by distributed asset value, according to RWA.xyz. The network also said it attracted new asset inflows and holders over the past month. Consequently, Tether gains broader onchain reach for its bullion-backed token. Gold Price Swings Drive Crypto Market Activity Gold prices recorded sharp moves earlier this year and drew fresh trading interest. Spot gold reached a record $5,595 per ounce in ...