Tether Gold (XAUt) nears $5,000 as whale demand and gold’s rally drive record surge

Tether Gold (XAUt), a token backed 1:1 by gold held in Swiss vaults, has climbed toward the $5,000 level alongside a sharp rally in physical gold. Large holders have recently accumulated thousands of XAUt worth tens of millions of dollars, while new liquidity via Mantle and Bybit supports trading around key levels at $4,800 support and $5,000 resistance.