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Tether's XAUt Gold Token Receives Shariah Certification, Backed by $3.3B in Physical Gold

2026-07-27 16:55:59

Tether's gold-backed token XAUt has received Shariah certification from Amanah Advisors, according to an official statement. The certification confirms XAUt's compliance with Islamic finance principles, including full backing by physical gold, the absence of interest and leverage, and transparent reserves. Each XAUt token represents one troy ounce of physical gold stored in Swiss vaults. As of March 31, XAUt was backed by more than 707,000 troy ounces of physical gold worth over $3.3 billion. The designation expands Tether's pathway to market XAUt to Islamic financial institutions and investors across the Gulf Cooperation Council, South Asia, and parts of Africa. According to RWA.xyz data, the token's onchain asset value has climbed from approximately $700 million in July 2025 to roughly $2.5 billion.

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