Roughly $94.6 million in Tether Gold (XAUT) is now deposited across DeFi platforms, with Aave holding 74.2% of these funds. XAUT deposits on Aave surged from $40 million in early June 2026 to $76.7 million by mid-August, representing 91.7% growth in ten weeks. Uniswap remains the main decentralized exchange for this token with approximately $16.5 million in liquidity. Tether minted roughly 119,670 additional XAUT tokens worth $495 million in late September 2026, an amount several times larger than the entire DeFi deposit base. Tokenized gold used in lending pools represents only about 1.5% of the combined market capitalization of the two leading tokenized gold products.
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