Foresight News, citing Unitas Team, analyzed every XGLD holding address since launch and found 856 valid wallets with roughly $14.1 million in total value locked. The biggest group was made up of high-conviction gold holders, who accounted for 73.5% of TVL. Stablecoin-led wallets contributed 18%, while high-frequency onchain traders accounted for just 0.3%. The data suggests XGLD is being used less by APY hunters and more by users who already wanted gold exposure and are looking for a more efficient way to hold it. The same piece also looked at XAUt holders. Among 654 valid addresses, 42 wallets held tokenized stocks or ETFs alongside gold, pointing to a more multi-asset approach to onchain allocation. It also noted that 90% of XAUt supply sits in three Binance exchange hot wallets, leaving direct onchain holders as a relatively focused user base. On the product side, Tether Gold has completed an integration with Unitas Labs, letting users deposit XAUt, mint XGLD 1:1, and put the backing to work through a delta-neutral strategy. Returns are variable, and the article says past performance has been in the double-digit annualized range.

Unitas Labs has launched XGLD, an interest-bearing gold asset backed 1:1 by Tether Gold (XAUt). The asset aims to overcome gold's zero-yield limitation, offering users passive yield via Unitas strategies while integrating gold into the DeFi ecosystem.

Unitas Labs has launched xGLD, a yield-bearing gold asset backed 100% by Tether Gold (XAUt). Users can mint with USDT or swap on BSC, with future integration planned for DeFi lending and liquidity pools.