Tether has reported a significant increase in its Tether Gold (XAU₮) reserves, which grew by 36% in the first quarter to reach 707,747 ounces. This increase corresponds to a market value of approximately $3.3 billion, marking a new all-time high. The total circulation of Tether Gold tokens matches the reserve amount, with each token backed 1:1 by physical gold. The report highlights that by the end of 2025, Tether's gold reserves stood at about 520,089 ounces, indicating a net increase of approximately 187,000 ounces in the first quarter. Tether attributes this growth to rising investor demand for on-chain gold and other safe-haven assets, driven by macroeconomic uncertainties and increasing gold prices.