Tether Gold (XAUT) provides digital ownership of physical gold, offering stability and convenience. More
| Fully Diluted Valuation | $1.25B |
|---|---|
| 24H Trading Volume | $15.26M |
| 24H Low / High | $3.32 K / $ 3.36 K |
| Circulating Supply | 375.57 K |
| Total Supply | 375.57 K |
| Max Supply | ∞ |
| Categories | Stablecoins 5 more |
|---|---|
| Founder | Craig Sellars 2 more |
| Website | gold.tether.to |
| Socials | 1 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x687....82f38
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| Name | Pair | OG Score |
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Tether Gold (XAUT): Bridging the Gap Between Gold and Crypto
Tether Gold (XAUT) has emerged as a bridge between the traditional world of physical gold and the digital realm of cryptocurrencies. Launched in 2020 by Tether, the company behind Tether Gold (XAUT), was founded in 2014 by bitcoin enthusiasts, including Craig Sellars, Brock Pierce, and Reeve Collins, Tether Gold (XAUT) offers investors a stable and secure way to own gold digitally.
Divisibility and Flexibility
At its core, XAUT is a stablecoin pegged to the value of one fine troy ounce of gold. Each XAUT token represents ownership of physical gold stored in a secure vault in Switzerland, meeting the high standards set by the London Bullion Market Association (LBMA). This innovative approach allows investors to enjoy the benefits of gold ownership without the logistical challenges and high costs associated with physical gold.
Easy Transportability and 24/7 Trading Availability
One of the key features of XAUT is its divisibility. While physical gold bars are challenging to split, XAUT tokens can be divided into increments as small as 0.000001 troy fine ounce, providing flexibility and accessibility to a wider range of investors. Another advantage of XAUT is its easy transportability. Unlike physical gold, which is cumbersome to transport, XAUT tokens can be easily transferred anywhere in the world, just like any other cryptocurrency. This feature, combined with 24/7 trading availability, offers investors unparalleled flexibility and liquidity.
Straightforward Redemption Process
For those looking to redeem their XAUT tokens for physical gold, the process is straightforward. By following a verification process and paying redemption fees, holders can either receive their physical gold bars in Switzerland or request Tether Gold to sell the gold and receive the proceeds.
Transparency and Verifiability
Moreover, XAUT's transparency adds to its appeal. All physical gold backing XAUT tokens can be tracked on the Tether Gold website, allowing investors to verify their gold allocation at any time.
A Secure and Efficient Path to Digital Gold Ownership
In conclusion, Tether Gold (XAUT) represents a unique intersection between the stability of physical gold and the convenience of cryptocurrencies. With its easy divisibility, transportability, and redeemability, XAUT offers investors a secure and efficient way to access the benefits of gold ownership in the digital age.
Tether Gold (XAUT) uniquely combines the stability of physical gold ownership with the convenience and accessibility of a digital asset, offering easy divisibility, transportability, and 24/7 trading.
Tether, the company behind Tether Gold (XAUT), was founded in 2014 by bitcoin enthusiasts, including Craig Sellars, Brock Pierce, and Reeve Collins. The launch of Tether Gold in 2020 was overseen by Tether's current leadership, headed by CEO JL Van de Velde.
Tether Gold (XAUT) is offered by TG Commodities Limited, and while specific backers or investors are not publicly disclosed, Tether Gold has garnered interest from institutional investors seeking a stable asset class with the benefits of a crypto asset.
You can buy Tether Gold (XAUT) on OKX, Bitget, Gate.io, Bybit, MEXC cryptocurrency exchanges.
