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MoonPay announced that Tether Gold, known as XAU₮, is now available for purchase directly through its app.
Users across the United States, except New York, and customers worldwide outside the European Economic Area can buy XAU₮ using debit or credit cards, Apple Pay, Google Pay, PayPal, or bank transfers. This addition broadens MoonPay’s range of digital assets, giving customers a new way to hold tokenised gold.
What Is Tether Gold?
Tether Gold is a digital token fully backed by physical gold. Each token represents one troy ounce of gold held in secure vaults in Switzerland. Tether, the issuer behind the token, prides itself on transparency and compliance.
In its Q1 2025 attestation report, Tether confirmed that XAU₮ remains the largest and most secure tokenised gold product, with a market capitalisation of $770 million as of April 28, 2025. The report also highlighted that more than 7.7 tons of gold support the tokens in circulation.
Strict Controls and Audits
The gold backing XAU₮ is sourced in the form of London Bullion Market Association. Tether follows strict procedures to ensure quality and authenticity. Each bar undergoes certificate verification and periodic assays in the presence of auditors.
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These checks, along with thorough counterparty vetting, aim to maintain the integrity of the gold reserves. Tether’s issuance of new tokens follows robust legal and procedural frameworks, giving investors confidence in the product’s reliability.
Market Drivers Behind Growth
Tether noted that Q1’s growth in XAU₮ was driven by rising economic uncertainty and geopolitical tensions. As investors sought safe havens against market volatility and potential trade tariffs, demand for tokenised gold climbed.
Although the price of gold can fluctuate, Tether emphasised that the amount of physical gold in reserve matters more, since it underpins the token’s value regardless of market swings.
Compliance and Security Measures
Tether works closely with US and international law enforcement to prevent illicit activity. Recently, the company froze nearly $28.67 million across 12 TRON blockchain addresses and an additional $99,630 on an Ethereum address.
These actions form part of Tether’s ongoing efforts to safeguard its tokens and uphold transparency across its operations.
By adding Tether Gold to its app, MoonPay gives users a straightforward way to gain exposure to gold without handling physical bullion. With clear audit processes and strong regulatory oversight, XAU₮ offers a blend of digital convenience and tangible asset backing.
As economic and geopolitical uncertainties persist, having an accessible, gold-backed token may appeal to those looking for stable stores of value in the digital asset space.