Tether Gold

Today's state: Tether Gold is trading at $4,355.06 with a $2.7 billion market capitalization (rank #63). The price moved +0.30% over the past 24 hours and is +0.80% over 7 days; the 30-day move stands at +7.40% and the 90-day at +0.00%.

Position vs cycle: A drawdown of this magnitude is within the typical correction range — historically resolved in either direction, often via a re-test of the prior peak before a definitive break.

Volatility and structure: 30-day realized volatility of 20.5% annualized is low for an asset this size. Our composite multi-horizon Price Strength reads Neutral (51/100), with the timeframes pulling in different directions and no clean directional read.

To place XAUT in the wider market, its 90-day return correlations against the two other largest layer-1s show whether it trades as crypto-market beta or on its own drivers. The Pearson figures across daily log returns:

• Bitcoin reference: -0.05 — a minimal negative relationship.
• Ethereum reference: +0.04 — a minimal positive relationship.
• Solana reference: +0.03 — a minimal positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Tether Gold (XAUT) is a cryptocurrency, traded on global digital-asset markets. It trades at $4,355.06 as of the latest update, with a 24-hour move up 0.30%, placing it at rank #36 by market capitalisation among all listed digital assets. Tether Gold's current market cap stands at $2.67B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Tether Gold across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Tether Gold is part of the tokenized real-world asset (RWA) sector — a growing category where traditional financial instruments are issued or wrapped on-chain to combine TradFi yield with crypto-native composability. RWA adoption has accelerated meaningfully with institutional participation from BlackRock (BUIDL), Franklin Templeton, Ondo Finance, and others.

By market value, Tether Gold sits at rank #63 — a top-100 asset. Tether Gold has 612.8K tokens circulating against a total supply of 707.7K, with no fixed hard cap on issuance. It currently trades about 22% below its all-time high of $5,602.75 set in January 2026, while sitting roughly 3.0× above its record low.

Tether Gold tokenizes a real-world asset (typically US Treasuries, money-market fund shares, private credit, or commodity exposure) and brings that exposure on-chain. An off-chain custodian or fund issuer holds the underlying asset, and an equivalent on-chain token is minted, providing programmable access to TradFi yield or collateral.

The token's value tracks the underlying asset, not open-market speculation. Yield (where present) accrues to holders either via rebasing supply, automatic compounding, or distribution events specified by the issuer.

By market value, Tether Gold sits at rank #63 — a top-100 asset. Tether Gold has 612.8K tokens circulating against a total supply of 707.7K, with no fixed hard cap on issuance. It currently trades about 22% below its all-time high of $5,602.75 set in January 2026, while sitting roughly 3.0× above its record low. Its fully-diluted valuation of $3.08B is about 1.2× the circulating market cap of $2.67B, a gap that signals issuance overhang to factor into any longer-term thesis.

Primary use cases: on-chain access to US Treasury yield (the largest RWA category), collateral for crypto-native lending and structured products, treasury management for DAOs and crypto-native businesses, and on-chain settlement of TradFi-equivalent products. Adoption tracks regulatory clarity and the issuing institution's credibility.

Daily volume runs at about 6.9% of market capitalisation ($183.32M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

Tether Gold's tokenomics combine its supply schedule, current circulating supply, and the relationship between circulating market cap and fully-diluted valuation. The fully diluted valuation (FDV) of $3.1 billion stands at 1.2× the current circulating market cap of $2.7 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the macro level, the variables that move this asset class most are the direction of US interest rates, the supply of dollar liquidity, and the state of global risk appetite. Crypto has behaved like a long-duration, high-beta risk asset: it tends to rally when real yields fall and the dollar softens, and to sell off when liquidity tightens.

A handful of traditional gauges tend to lead or confirm crypto moves: the dollar index (strength is a headwind), the 10-year yield (the price of risk capital), gold (an occasional fellow-traveller in debasement trades), and the S&P 500 (which often moves with crypto when liquidity, not fundamentals, is in the driver's seat).

Narrowing to Tether Gold, the cleanest leading signal has usually been crypto-native liquidity — the combined trend in stablecoin supply, futures open interest and exchange turnover. When that pool of on-chain capital grows, XAUT has tended to advance with it; when it drains, the move has typically gone into reverse. With a comparatively loose 90-day BTC correlation of -0.05, XAUT has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Specific risks: issuer/custodian risk (the underlying asset depends on an off-chain entity's solvency and operational integrity), regulatory risk (RWA classification is jurisdiction-specific and actively evolving), redemption risk (some RWAs gate redemption by amount, holding period, or KYC status), smart contract risk in the on-chain wrapper, and liquidity risk in secondary markets (institutional RWAs may have thin on-chain liquidity outside primary issuance).