Back to Stablecoins
Rank #27XAUTCommodity-Backed
Tether Gold
Pegged to
Gold (1 troy ounce)
Market Cap
$700.00M
24h Volume
$20.00M
Circulating Supply
290.0K XAUT
Total Supply
290.0K XAUT
Peg Target
Gold (1 troy ounce)
Collateral Type
Commodity-Backed
Issuer
Tether Limited
Launch Date
23-01-2020
About Tether Gold
Tether Gold (XAUT) is a gold-backed stablecoin issued by Tether, where each token represents ownership of one fine troy ounce of physical gold held in Swiss vaults. The gold is stored in specific individually identified bars that token holders can verify. XAUT can be redeemed for physical gold delivery in Switzerland. As the largest gold-backed crypto token, XAUT provides exposure to physical gold without the need for direct custody, combining the stability of gold with the transferability of blockchain tokens.
Supported Blockchains
Pros
- Backed by physical gold in Swiss vaults
- Redeemable for physical gold
- Largest gold-backed crypto token
- Individually identifiable bar allocation
Cons
- Storage and management fees
- Centralised custody of gold
- Limited to Ethereum network
- Less liquid than USDT/USDC
Key Features
1 token = 1 troy ounce of gold
Gold stored in Swiss vaults
Individually identified gold bars
Physical gold redemption option
Verification of specific bar allocation
ERC-20 token on Ethereum
Stablecoin Information
Category
Commodity-BackedCollateral Type
Commodity-BackedIssuer
Tether Limited