Tether Gold (XAUt) has been launched on the BNB Chain as of March 26. Each XAUt token is backed 1:1 by one troy ounce of physical gold, stored in Swiss vaults as London Good Delivery bars. The total reserve comprises approximately 1,800 gold bars, weighing over 22,100 kilograms. XAUt currently holds a market capitalization of about $2.51 billion and is also deployed on Ethereum and Polygon networks.