[Tether Gold Market Cap Surpasses $3.3 Billion, Gold Reserves Grow 36% in Q1] According to Deep Tide TechFlow, on May 4, Tether officially disclosed data showing that Tether Gold (XAUT) continued to expand in the first quarter of 2026, with its total market cap surpassing $3.3 billion. Driven by record-high gold prices and heightened macroeconomic uncertainty, investor demand for safe-haven assets has risen significantly. Tether's data for this quarter indicates that its underlying gold reserves grew by 36% quarter-on-quarter, reaching approximately 707,747 ounces as of March 31. This corresponds to XAU₮ tokens in circulation being fully backed 1:1 by gold, with a total market cap of approximately $3.303 billion. Compared to the approximately 520,000 ounces of reserves at the end of 2025, gold holdings saw a significant increase this quarter, reflecting continued capital inflows into digitized physical gold products.