Tether Gold market cap tops $3.3B as physical reserves jump 36% in Q1 2026 amid rising gold demand.

Tether Gold (XAUt) saw its market capitalization exceed $3.3 billion in Q1 2026, driven by a 36% increase in physical gold reserves held in Swiss vaults. This growth reflects a broader surge in global gold demand, which hit a record $193 billion in value, with physical bar and coin purchases rising 42%. XAUt leads the digital gold token market, offering investors blockchain-backed exposure to real gold, which appeals amid geopolitical uncertainty and shifting monetary policies. The trend toward tokenized precious metals is expected to continue as investors seek easier access to physical gold without storage hassles.