XAU₮ Gold Reserves Rise 59% to 827,418 Ounces Through November 4
Key Facts
Tether said physical gold reserves backing its XAU₮ token rose 59% in 2026 through November 4 to 827,418 fine troy ounces, from 520,089 ounces on December 31, 2025. The company said the gold backing the token was worth $3.44 billion on November 4, a level it described as a record. The figures put reserve growth in the context of rising interest in tokenized gold, but do not in themselves confirm the draft's report that institutional borrowing against the token is available through Anchorage Digital. The underlying report could not be verified on a reliable open page dated November 11, 2026, and no open primary announcement from Anchorage confirming availability was found. The information established here is therefore Tether's data on the gold and token, alongside documented information about XAU₮ being used as collateral with another lender.
Reserve growth reflects an increase in the volume of gold that Tether says backs XAU₮. The balance rose from 520,089 fine troy ounces at the end of 2025 to 827,418 ounces on November 4, 2026, an annual increase of 59%. The company estimated the physical gold at about 25.7 tonnes in the latest figure, compared with 16.2 tonnes at the end of last year. The stated value of the gold was also $3.44 billion on November 4. Tether said the physical gold backing the token "reached a record level," referring to the value the company reported on that date.
Tether said customer holdings of XAU₮ rose 73% from the start of 2026 through November 4, while token holders added more than 9 tonnes of gold equivalent since January. These figures accompany the increase in physical reserves, but measure two different things: growth in customer holdings and the volume of gold the company says backs the token. According to the Tether Gold information document, each XAU₮ unit represents an undivided ownership interest in one fine troy ounce of gold on a specific bar that meets London Good Delivery standards, held by a custodian for token holders. The token is thus linked to gold held by a custodian, according to the issuer, while the reserve and holdings figures cited here come from Tether.
In the lending market, Arch Lending announced on September 1, 2026, that it would accept PAXG and XAUT as collateral for eligible loans. The company said the collateral is held in a segregated wallet at Anchorage Digital Bank, defining Anchorage's role in the offering as custodian, while Arch operates the lending platform. The announcement provides a documented example of tokenized gold being used as loan collateral, but does not establish that Anchorage itself has made borrowing against XAU₮ available to institutional clients through Prime. The available information also does not include loan terms or the scope of customers in any Anchorage announcement attributed to the report dated November 11.
World Gold Council data published on November 3 show divergent trends in investment demand for gold in the third quarter of 2026. Investment demand, excluding over-the-counter trading, totaled 479 tonnes, down 14% from the exceptional level recorded in the third quarter of 2025. At the same time, global gold-backed exchange-traded funds attracted inflows of 211 tonnes during the quarter. These figures provide context on gold demand in the same period, while growth in XAU₮ holdings and reserves remains a separate indicator reported by Tether.
XAUTUSD closed at $4,030.67 on November 10, 2026, according to EL7 data. The close came in the session before the report's stated date and provides a market price reading for the token that day. The price does not change the nature of the right described in the Tether Gold document, which says each unit represents an interest in an ounce of gold held by a custodian. Any new financing availability using the token as collateral remains unconfirmed based on open information available for November 11.