Tether Gold (XAUT) is a digital token (cryptocurrency) backed by physical gold, created by the company Tether (the same company behind the stablecoin USDT).
Here’s the key information about XAUT:
Rule of 1:1: Each XAUT token represents ownership of one troy ounce of physical gold (Fine Gold) tied to a London Good Delivery bar.
Secure storage: The physical gold serving as a reserve is kept in safes located in Switzerland.
How it works on the blockchain: XAUT exists primarily in the form of an ERC-20 token (on the Ethereum blockchain). This allows you to transfer, trade, or hold gold digitally, 24/7, without the constraints of physical storage.
Traceability: Holders can verify at any time the exact characteristics (serial number, weight, purity) of the gold bar associated with their tokens via the official Tether Gold website.
Fractionalization: Unlike buying a complete gold bar, XAUT allows you to buy very small fractions of a troy ounce, making investing in gold much more accessible.
Primary use: It serves as a safe-haven asset against inflation or volatility in the cryptocurrency market, while maintaining the liquidity and fast transfer capabilities of blockchain assets.
