What is Tether Gold?
Tether Gold (XAUt) is a digital token that represents ownership of physical gold. Each XAUt token is backed 1:1 by one fine troy ounce of LBMA-certified gold stored in secure vaults in Switzerland. This allows you to gain exposure to physical gold through blockchain technology without handling or storing gold yourself.
Source: https://gold.tether.to/
How does Tether Gold work?
Tether Gold works by issuing XAUt tokens, each linked to a specific amount of physical gold held in secure storage. When XAUt is issued, the corresponding gold is allocated and held in reserve. Ownership and transfers of XAUt take place on supported blockchains.
The token
Abbreviation: XAUt
Category: Gold-backed digital asset
Blockchain: Ethereum
Protocol: ERC-20
Year of launch: 2020
The technology behind Tether Gold
Tether Gold is built as an ERC-20 token on the Ethereum blockchain. This enables transparent ownership tracking and compatibility with a wide range of wallets and platforms, while the physical gold remains securely stored offline.
The Tether Gold ecosystem
The Tether Gold ecosystem includes physical gold reserves, blockchain infrastructure, supported wallets, and trading platforms. Tether also provides regular reports on the gold backing the XAUt tokens.
Who is the founder of Tether Gold?
Tether Gold is issued by TG Commodities, S.A. de C.V., a subsidiary of Tether Holdings, the company also responsible for the USDT stablecoin.
Impact on the environment
Click here to read more information about the environmental impact of this coin.
Risk disclaimer
Please note: for more information about this crypto asset, consult the official resources provided by the project via https://gold.tether.to/
Before trading, make sure to read the general risk warning about crypto asset trading:
Cryptocurrencies, including Tether Gold (XAUt), are volatile and involve risks. The value of XAUt can fluctuate significantly, and investments may result in financial losses. Always do your own research and only invest money you are prepared to lose.
The BTC Direct disclaimer van be found here.