Tether Gold

About Tether Gold

Tether Gold (XAUT) is a digital token issued by Tether that represents ownership of gold in physical form. There is an equal amount of gold behind every token issued (one troy ounce per token), so that people owning the tokens have access to traditional means for storing value in the form of digital assets via blockchain. Some of the uses of XAUT include, but are not limited to, making payments, transferring, trading, obtaining liquidity, gaining access to DeFi products, or managing their portfolio. Users no longer need to physically carry around gold bars; rather, they can now transfer the token from wallet to wallet and between different exchanges where it is supported. Additionally, the token may be used as collateral as well as a vehicle for trading purposes or a liquid asset in commodity tokenization formats provided by some trading platforms. Consequently, Tether Gold serves as a means of indirectly participating in the commodity market, with associated costs for utilizing the network being incurred via the blockchain. Tether Gold brings real-world assets into the world of digital finance in the broader crypto ecosystem. It provides users with a way to hold and transfer gold on-chain, settle balances faster, and access a commodity-backed asset for use inside crypto markets, payment tools, and financial applications, cross-border.