What is XAUT's trust score?

XAUT (Tether) scores 72/100 on OnChain Benchmark's Verified Capital Trust Rating — the Rated band, as of Aug 26, 2026 (methodology v1.2).

How is XAUT's trust score calculated?

OnChain Benchmark scores XAUT across four dimensions, each out of 25: disclosure quality (12/25), redemption liquidity (19/25), structural trust (15/25), and holder concentration (22/25). Each is multiplied by its methodology weight (structural trust ×1.4, holder concentration ×1.3, redemption liquidity ×0.9, disclosure quality ×0.4; weights sum to 4.0) and summed into the 72/100 composite — a weighted, not a plain, sum, so the four dimension scores do not add directly to the total. The full rubric is published at onchainbenchmark.com/methodology.

What does the Rated band mean?

Under OnChain Benchmark methodology v1.2, composite scores band as Verified (≥ 85), Rated (65–84), Limited (45–64), and Unverifiable (below 45). XAUT scores 72/100, placing it in the Rated band.

OCB — Trust Rating

XAUT Trust Rating

Tether · Token backed 1:1 by physical gold held in Swiss vaults.

XAUT (Tether) scores 72/100 on OnChain Benchmark's Verified Capital Trust Rating — Rated band — across four dimensions: disclosure quality 12/25, redemption liquidity 19/25, structural trust 15/25, and holder concentration 22/25 (methodology v1.2, as of Aug 26, 2026).

XAUTTokenized Commodities

Verified Capital Trust Rating

72/ 100

Institutional-grade

OCB — 01

XAUT across four dimensions

Each dimension is scored out of 25, then multiplied by its weight and summed into the /100 composite — so the four dimension scores are a weighted, not a plain, sum. Last scored Aug 26, 2026 on methodology v1.2.

Dimension	Score	Weight
Disclosure Quality	12 / 25	×0.4
Redemption Liquidity	19 / 25	×0.9
Structural Trust	15 / 25	×1.4
Holder Concentration	22 / 25	×1.3
CompositeΣ (score × weight)	72 / 100

OCB — 02

OCB Instrument

Outstanding supply

Measured onchain from the primary deployment, daily. Latest reading $2.86B.

Source: XAUT · Verified Capital Trust Rating · onchainbenchmark.com2026-08-26 · Measured daily

OCB — 03

OCB Instrument

Rating history

XAUT’s trust rating, measured daily.

Source: XAUT · Verified Capital Trust Rating · onchainbenchmark.com2026-08-26 · Recomputed daily

OCB — 04

Evidence behind the rating

A sample of the verified facts behind XAUT's score. Each finding carries a confidence level; the full diligence trail is in the terminal.

Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Gate.io deposit account. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bitfinex hot wallet. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bybit custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bitget custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Aave V3: aEthXAUt Token". DeFi protocol holding XAUT as collateral. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Binance custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". OKX custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Tether own treasury wallet. Excluded from concentration.
Verified Jun 1, 2026· Etherscan label
Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bitfinex exchange custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
Disclosure Qualityattestation source95% confidence
No on-chain price oracle on the Read as Proxy tab (2026-06-01). Reserve attestation: Tether DOES publish dedicated quarterly XAUT gold-reserve attestations (BDO Italia, ISAE-3000R limited assurance, 1:1 physical gold) at gold.tether.to/reports. These reports are not yet part of the daily measurement set, so attestationFreshness scores 0/25 — reflecting incomplete measurement coverage, not a gap in Tether's disclosure. Corrected 2026-07-09 (the prior text incorrectly stated Tether does not attest XAUT).
Correction, 2026-07-09: an earlier version of this finding incorrectly stated Tether does not publish XAUT attestations. Tether publishes quarterly BDO Italia ISAE-3000R reports; the score gap reflects OCB's measurement coverage, not issuer behavior.
Verified Jul 9, 2026· gold.tether.to/reports — quarterly BDO Italia ISAE-3000R XAUT attestations (verified live 2026-07-09)
Holder Concentrationaddress exclusion95% confidence
Contract tab on Etherscan confirms AdminUpgradeabilityProxy bytecode. Not a retail holder — Tether internal proxy contract. Excluded from concentration calculation.
Verified Jun 1, 2026· Etherscan Contract tab
Holder Concentrationaddress exclusion95% confidence
Contract tab on Etherscan confirms AdminUpgradeabilityProxy bytecode. Not a retail holder — Tether internal proxy contract consistent with their contract architecture. Excluded from concentration calculation.
Verified Jun 1, 2026· Etherscan Contract tab

OCB — 05

Key facts

Issuer: Tether
Asset class: Tokenized Commodities
Tracked supply: $2.92Bas of Aug 26, 2026
Chains: Ethereum · BNB Chain
Methodology: v1.2
Last scored: Aug 26, 2026
Rubric: Verified Capital Trust Rating

Full diligence trail

The interactive terminal shows every verified fact behind XAUT's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.