What is Tether Gold?
Tether Gold (XAU₮) is a digital asset backed by physical gold, offering a blockchain-based way to buy, hold, and transfer ownership of real physical gold. It provides users with ownership of tangible gold while leveraging the benefits of digital assets. Each XAU₮ token represents indirect ownership of one troy ounce of physical gold, stored in secure vaults. Tether Gold is a product developed to combine the benefits of physical and digital assets by allowing its holders to own physical gold in the form of a digital token.
Tether Gold goals
The purpose of Tether Gold is to provide the benefits of holding physical gold while leveraging the flexibility and efficiency of blockchain technology. It aims to solve the problem of traditional gold investment being inaccessible to a broader range of investors due to high storage costs and limited accessibility. The project has potential use cases and applications in investment and trading, hedging and wealth preservation, decentralized finance (DeFi), cross-border payments and remittances, and secure store of value. Tether Gold offers a cost-effective way to gain exposure to gold, eliminating the need for storage fees, insurance, and logistical challenges associated with holding physical gold.
Tether Gold fondamentals
Tether Gold (XAU₮) has a total supply of tokens equal to the amount of physical gold stored in secure vaults. The market capitalization of Tether Gold is not explicitly stated. Each XAU₮ token represents indirect ownership of one troy ounce of physical gold.
Marketcap
$0.73603427B
Total number of Tether Gold
246524 XAUT
Tether Gold technology
Tether Gold (XAU₮) is issued on multiple blockchains, including Ethereum and TRON, allowing for easy integration with various digital wallets, exchanges, and decentralized finance (DeFi) applications. The token is stored in digital wallets and is secured by multiple levels of protection, including the keys to the Swiss gold vaults held by Tether. The blockchain-based nature of XAU₮ ensures the security and immutability of transactions.
Tether Gold competitors
Tether Gold differentiates itself from competitors by offering zero custody fees and direct control over physical gold storage, safely held in a Switzerland vault, adopting best-in-class security and anti-threat measures. Its competitive advantages include the ability to transfer tokens to any on-chain address, redeem tokens for physical gold, and use tokens as collateral in decentralized finance (DeFi) platforms. Tether Gold is the only product among the competition that offers these features, making it a unique player in the market.
Tether Gold price history
Frequently asked questions
Tether Gold (XAU₮) is a digital asset backed by physical gold, offering a blockchain-based way to buy, hold, and transfer ownership of real physical gold.
Tether Gold works by combining the traditional value of physical gold with the benefits of blockchain technology, offering a tokenized version of gold that is easy to trade, transfer, and hold.
Tether Gold offers a cost-effective way to gain exposure to gold, eliminating the need for storage fees, insurance, and logistical challenges associated with holding physical gold. It also provides a secure store of value, enables cross-border payments and remittances, and offers a way to hedge against market volatility.
You can buy Tether Gold (XAU₮) on various cryptocurrency exchanges, such as Bitfinex, BTSE, BigOne, and Gate.io. You can also purchase XAU₮ directly from Tether Gold's website.
Yes, you can redeem your Tether Gold tokens for physical gold. However, redemptions are subject to a minimum amount of one full gold bar, which typically weighs around 400 troy ounces.
Yes, Tether Gold is secured by multiple levels of protection, including the keys to the Swiss gold vaults held by Tether. The blockchain-based nature of XAU₮ ensures the security and immutability of transactions.
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