Tether Gold

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

TVL corresponds to the total amount of XAUt minted

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Tether Gold's governance or utility token carries a market capitalisation of $2.8B based on circulating supply at the latest DeFiLlama snapshot. Token market cap ($2.8B) and TVL ($3.6B) trade close together, giving a mcap/TVL multiple of 0.78× — broadly the range market participants treat as "fair" for an established DeFi protocol.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jul 9, 2024
   Listed on DeFiLlama

Tether Gold operates in the RWA category of DeFi. It is deployed across 8 chains, including Ethereum, Plasma, Monad, Avalanche and 4 other chains. No public audit reports are listed on DeFiLlama for this protocol.

Tether Gold runs a multi-chain deployment, with smart contracts live on 8 networks. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Plasma, Monad), so a fault on any one of them would affect a large slice of users. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk. Token market cap ($2.8B) and TVL ($3.6B) trade at a ratio of 0.78, in the range generally considered normal for an established DeFi protocol.

Verified external resources for Tether Gold — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Tether Gold is one of 7 RWA protocols Mantapex tracks in this category. Direct peers ranked by total value locked include BlackRock BUIDL, Paxos Gold, Circle USYC, and 3 more. These peer protocols collectively secure $12B in deposits, giving you a frame of reference for whether Tether Gold's own TVL is at the top, middle, or tail of the category.

BlackRock BUIDL

TVL $2.5B · 24h +0.43%

Paxos Gold

TVL $2.5B · 24h -0.60%

Circle USYC

TVL $2.4B · 24h +4.42%

Ondo Yield Assets

TVL $2B · 24h -0.67%

Centrifuge Protocol

TVL $1.3B · 24h +4.07%

Spiko

TVL $1.2B · 24h +0.42%