Tether XAUt surpasses half of gold-backed stablecoin market as dollar index falls below 97
On Monday, Tether reported that its XAUt tokenized gold product now exceeds $2.2 billion in value and represents more than half of the gold‑backed stablecoin segment. The milestone comes as Comex gold moves above $5,000 per troy ounce and the US Dollar Index, which dropped 9.4% in 2025 and another 2.4% since Jan. 19, hits its weakest level since September amid central bank gold buying.