Tether’s tokenized gold piles into DeFi as Aave takes the lion’s share

Key Summary

Tether's XAUT tokenized gold is being deposited across DeFi platforms, with Aave capturing most of the deposits, 74.2% of XAUT DeFi deposits, mainly through its V3 and V4 markets. The growth curve of Aave's XAUT deposits has been steep, reaching $76.7 million by mid-August. Meanwhile, Tether continues to mint new XAUT tokens, worth around $495 million, in late September 2026.