XAUT Token XAUT Token

$4,303.40 +0.11% XAUT
Volume (24h)
$5,501,834
24h High
$4,309.10
24h Low
$4,299.20
Circulating Market Cap
$1,626,249,029
Total Market Cap
$2,239,106,263
Bid / Ask
$4,299.10 / $4,307.70
24h Trades
19,997

What is Tether Gold (XAUT)?

Tether Gold (XAUT) is a gold-backed digital asset issued by TG Commodities Limited, a subsidiary of Tether. Each XAUT token represents one fine troy ounce of gold stored in London Good Delivery bars in Swiss vaults. XAUT is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON, allowing users to hold and transfer ownership of gold digitally.

Tether Gold allows token holders to check which specific gold bars back their holdings using a public lookup tool provided by Tether. The asset is managed under the custodianship of third-party vault operators.

What is Tether Gold (XAUT) used for?

XAUT serves several functions within the digital asset ecosystem:

  • Gold Ownership: Allows individuals to hold fractional or full ownership of investment-grade gold without requiring physical possession.
  • Storage & Security: Provides a secure alternative to traditional gold investment by offering verifiable backing and storage in high-security vaults.
  • Redemption for Physical Gold: Token holders can redeem their XAUT for gold bars and arrange for physical delivery to Switzerland or opt for ownership transfer.
  • On-Chain Transfers: Enables the movement of gold-backed assets across Ethereum and TRON networks, allowing users to store and transfer their holdings digitally.

Who created Tether Gold (XAUT)?

Tether Gold is a project of Tether Ltd., a company that has significantly influenced the cryptocurrency market with the creation of USDT, the first major stablecoin. Tether Ltd. was founded by Reeve Collins, Craig Sellars, and Brock Pierce, and is part of the larger Tether Holdings Limited group.