🧠 $XAUT | Tokenized gold: a token that stands for a physical bar
Tether Gold (XAUT) is a tokenized asset in which each token represents ownership of one troy fine ounce of physical gold on a specific gold bar. It exists as an ERC-20 token on Ethereum and as a TRC20 token on TRON, and can be transferred to any on-chain address from the purchaser's Tether wallet. The physical gold is held in a Switzerland vault, and the issuer states that the product carries zero custody fees and that it keeps direct control over the gold storage.
Key takeaway: Tokenized gold links a physical commodity to blockchain transferability, so understanding the claim of one token per ounce and where the metal is stored is the key to judging the asset.
💬 What questions should someone ask about how tokenized gold is stored, audited and redeemed before treating a token as a claim on metal?
Source: Official site https://gold.tether.to/
#TetherGold #Blockchain
Tether Gold (XAUT) is a tokenized asset in which each token represents ownership of one troy fine ounce of physical gold on a specific gold bar. It exists as an ERC-20 token on Ethereum and as a TRC20 token on TRON, and can be transferred to any on-chain address from the purchaser's Tether wallet. The physical gold is held in a Switzerland vault, and the issuer states that the product carries zero custody fees and that it keeps direct control over the gold storage.
Key takeaway: Tokenized gold links a physical commodity to blockchain transferability, so understanding the claim of one token per ounce and where the metal is stored is the key to judging the asset.
💬 What questions should someone ask about how tokenized gold is stored, audited and redeemed before treating a token as a claim on metal?
Source: Official site https://gold.tether.to/
#TetherGold #Blockchain