Tether Gold Gains ADGM Accepted Spot Commodity Status

Summary

Tether Gold (XAUT) has been officially recognized as an Accepted Spot Commodity by the Abu Dhabi Global Market (ADGM), an international financial center in the Middle East. This designation allows regulated firms operating within ADGM to offer services involving the tokenized gold asset, provided they obtain the necessary regulatory permissions. This follows ADGM’s earlier recognition of Tether’s USDt (USDT) as an Accepted Fiat Referenced Token, expanding Tether’s regulated product offerings in the region.

According to Tether CEO Paolo Ardoino, the new status creates a clearer regulatory pathway for firms to offer XAUT-related services. ADGM indicated that the recognition is intended to support business diversification and growth by broadening the range of financial products and services available to companies within its jurisdiction. Data from DefiLlama highlights significant growth in Tether Gold’s market presence, with its total value locked (TVL) increasing from approximately $826 million to about $2.86 billion over the past year.

Why it matters

Beyond trading and custody, Tether Gold is gaining new utility in the crypto ecosystem. For example, Bitcoin lending platform Ledn has announced plans to accept XAUT as loan collateral later in the year, enabling clients to borrow against their tokenized gold without needing to sell their holdings. According to RWA.xyz, tokenized commodities collectively hold a distributed value of around $4.46 billion, representing nearly 13% of the roughly $34.73 billion market for tokenized real-world assets. This development reflects growing adoption and integration of tokenized commodities within regulated financial markets.