Tether CEO: XAUt's market value exceeds $1.2 billion According to a report by Golden Finance, Paolo Ardoino, CEO of Tether, cited data on the X platform stating that XAUt's market value exceeds 1.2 billion US dollars and its user base is growing by over 50% every quarter. Tether's gold stablecoin XAUt is supported by 1 troy ounce of physical gold per token and stored in a Swiss vault.