Tether Gold Recognized as Accepted Spot Commodity in Abu Dhabi

Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM). The recognition enables regulated firms in the international financial center to offer services involving the tokenized gold asset if they hold required regulatory permissions. The designation follows ADGM's earlier acceptance of Tether's USDt (USDT) as an Accepted Fiat Referenced Token, extending the company's regulated product lineup in one of the Middle East's largest international financial centers. Tether CEO Paolo Ardoino said the designation gives regulated firms a clearer path to offer XAUT, while ADGM stated it would support business growth by expanding the products and services available to companies operating in the financial center.

Tether Gold TVL Triples Over Past Year

DefiLlama data shows Tether Gold's total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.

Tether Gold total value locked (TVL). Source: DefiLlama

Ledn Adds XAUT as Loan Collateral

Tether Gold is finding new uses beyond trading and custody. In June, Bitcoin lending platform Ledn announced plans to add XAUT as loan collateral later this year, allowing clients to borrow against their tokenized gold holdings without selling them.

Tokenized Commodities Reach $4.46 Billion Market Value

According to RWA.xyz, tokenized commodities have a distributed value of about $4.46 billion and account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market.

Tokenized commodities. Source: RWA.xyz

FAQ

What is Tether Gold's recognition in Abu Dhabi Global Market? Tether Gold (XAUT) has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market (ADGM), allowing regulated firms in the financial center to offer services involving the tokenized gold asset if they hold required regulatory permissions.

How much has Tether Gold's total value locked grown over the past year? DefiLlama data shows Tether Gold's total value locked (TVL) has more than tripled over the past year, rising from about $826 million to roughly $2.86 billion.

What percentage of the tokenized real-world asset market do commodities represent? According to RWA.xyz, tokenized commodities account for nearly 13% of the roughly $34.73 billion tokenized real-world asset market, with a distributed value of about $4.46 billion.