Tether Gold (XAUt) is a cryptocurrency token that is backed 1:1 by real, physical gold.
Key Features:
1 Token = 1 Fine Troy Ounce of Gold: Each XAUt token represents ownership of one troy ounce of physical gold stored in professional vaults in Switzerland.
Issuer: Created by Tether (the same company behind the USDT stablecoin).
Gold Tracking: Unlike standard stablecoins pegged to the US Dollar, the price of XAUt fluctuates depending on the current market price of gold.
Crypto Convenience: It allows investors to buy, hold, and trade physical gold globally 24/7 using blockchain technology without high storage or transport costs.
#HKJulyGoldNetExportsToMainland56.193Tons #BitcoinRejectedAt$81K50WeekMA
Key Features:
1 Token = 1 Fine Troy Ounce of Gold: Each XAUt token represents ownership of one troy ounce of physical gold stored in professional vaults in Switzerland.
Issuer: Created by Tether (the same company behind the USDT stablecoin).
Gold Tracking: Unlike standard stablecoins pegged to the US Dollar, the price of XAUt fluctuates depending on the current market price of gold.
Crypto Convenience: It allows investors to buy, hold, and trade physical gold globally 24/7 using blockchain technology without high storage or transport costs.
#HKJulyGoldNetExportsToMainland56.193Tons #BitcoinRejectedAt$81K50WeekMA
