Tether Gold gains Abu Dhabi status as its locked value triples

Abu Dhabi Global Market (ADGM) recognized Tether Gold (XAUT) as an Accepted Spot Commodity, giving regulated firms in the financial center a clearer path to offer services tied to the tokenized gold asset, subject to proper approvals. The move strengthens XAUT’s regulatory standing and may support broader institutional adoption, especially as tokenized commodities gain traction. DefiLlama data cited in the article shows XAUT’s locked value has surged from about $826 million to $2.86 billion over the past year, a rise of roughly 246%. The article also notes that tokenized commodities are a meaningful share of the $34.73 billion tokenized RWA market, while Tether continues expanding into payroll, banking, and lending use cases. The recognition is positive for gold-backed tokenization and could reinforce demand for tokenized gold as an investable and collateralizable asset.