Tether Gold (XAUt) has exceeded a $1.5 billion market cap, reflecting a 7.4% growth over the past two weeks. The stablecoin, backed by physical gold, is currently trading at $4,038, mirroring the recent uptick in gold prices. Tether CEO Paolo Ardoino highlighted the asset's momentum, attributing its growth to increased investor interest in safe-haven assets amid a U.S. government shutdown. The circulating supply of Tether Gold stands at 281,961.71 ounces, with 93,610.54 ounces still available for purchase. Tether and Antalpha have announced a $200 million initiative to further accumulate XAUt, bolstering its market cap. The tokenized gold market has expanded to $3.09 billion, with other players like PAX Gold and Kinesis Gold also experiencing gains.