Convert XAUT to TRY

Tether Gold (XAUT) is a leading digital asset that provides direct exposure to physical gold, combining the stability of a precious metal with the efficiency of blockchain technology.

Key takeaways

• Tether Gold (XAUT) is a digital token where each unit is backed by one fine troy ounce of physical gold held in a Swiss vault.
• It operates primarily as an ERC-20 token on the Ethereum blockchain, offering a secure and transparent way to own and transfer gold.
• The token's value is designed to closely track the spot price of gold, providing a hedge against inflation and market volatility.
• XAUT offers significant advantages over traditional gold ownership, including easier divisibility, faster transfers, and lower storage costs.
• You can trade XAUT on major exchanges like BTCC via spot or perpetual contract markets.

What is Tether Gold? Key Specifications & Tokenomics

Tether Gold (XAUT) is a digital representation of physical gold, designed to make gold ownership more accessible and efficient in the digital age.

Who created Tether Gold (XAUT)?

Tether Gold is issued by TG Commodities Limited, a company affiliated with Tether Operations Limited, the entity behind the world's largest stablecoin, USDT. The project leverages Tether's established infrastructure and reputation in the digital asset space to bring a trusted, gold-backed product to market. The physical gold backing each XAUT token is stored in a professional vault in Switzerland, providing a high level of security and regulatory compliance for holders.

How does Tether Gold (XAUT) work?

XAUT functions through a straightforward, asset-backed model. For every XAUT token in circulation, TG Commodities Limited holds one fine troy ounce of physical gold in its reserves. This gold is audited regularly to ensure full backing. The token itself is built on the Ethereum blockchain using the ERC-20 standard, which means it can be stored in any compatible Ethereum wallet, sent peer-to-peer, or traded on supporting exchanges. Its price is not algorithmically stabilised like some stablecoins; instead, it naturally tracks the live market price of gold (XAU/USD), minus a small management fee. This direct peg provides transparency, as the value is derived from a globally recognised, tangible asset.

What makes Tether Gold (XAUT) unique and valuable?

XAUT's primary value proposition lies in its unique fusion of traditional and digital finance.

• Direct Gold Exposure: It offers a pure, direct claim on physical gold without the complexities of buying, storing, and insuring bullion or dealing with ETFs.
• Blockchain Efficiency: It transfers the benefits of gold—a historic store of value—onto the blockchain, enabling 24/7 global trading, instant settlement, and ownership in divisible amounts (down to 0.000001 XAUT).
• Transparent Backing: The reserves are publicly reported and subject to regular professional audits, providing a level of transparency that exceeds many traditional gold products.
• Institutional-Grade Storage: The gold is stored in a high-security, professional vault in Switzerland, mitigating counterparty and physical security risks for the token holder.

What is Tether Gold (XAUT) used for?

Holders utilise XAUT for several key purposes in both personal finance and trading strategies:

• Digital Store of Value: As a hedge against inflation, currency devaluation, and broader financial market volatility, similar to physical gold.
• Collateral in DeFi: It can be used as high-quality, commodity-backed collateral in various decentralised finance (DeFi) lending and borrowing protocols.
• Portfolio Diversification: Traders and investors use it to diversify a cryptocurrency portfolio with a non-correlated asset.
• Efficient Transfers: Facilitating the cross-border transfer of gold's value quickly and at a lower cost than shipping physical bullion.

How Is the Tether Gold (XAUT) Ecosystem Developing?

The XAUT ecosystem is growing through increased integration and utility. Its primary development focuses on expanding its presence across more cryptocurrency exchanges and trading platforms, thereby enhancing liquidity and accessibility. A significant area of growth is within the DeFi sector, where XAUT is being integrated as a form of collateral, allowing users to earn yield on their gold holdings. Furthermore, Tether continues to work on strengthening the transparency and regularity of its reserve attestations to maintain and build trust within the community. The long-term vision includes fostering its use in more complex financial products and payment systems.

How to mine Tether Gold (XAUT)?

XAUT tokens cannot be mined. They are exclusively issued by TG Commodities Limited in a centralised manner, corresponding to the deposit of physical gold into their designated reserve vault. The total supply increases or decreases based on the minting (creation) and redemption (destruction) processes managed directly by the issuer, not through a decentralised consensus mechanism like Proof-of-Work or Proof-of-Stake.

How to keep your XAUT Coin safe?

Securing your XAUT is crucial, as it represents a significant store of value.

• Use Reputable Wallets: Since XAUT is an ERC-20 token, it is compatible with a wide range of Ethereum wallets. For large holdings, a hardware wallet (cold wallet) like Ledger or Trezor provides the highest security by keeping your private keys offline.
• Secure Your Private Keys/Seed Phrase: Never share your wallet's private keys or recovery seed phrase with anyone. Store them securely offline, in multiple physical locations if possible.
• Choose Trusted Exchanges: When trading, use well-established, regulated platforms with strong security histories, such as BTCC. For long-term holding, it is safer to withdraw your tokens to your personal wallet.
• Verify Contract Addresses: Always double-check the official Ethereum contract address (0x68749665FF8D2d112Fa859AA293F07A622782F38) when receiving XAUT to avoid scams.

How to buy XAUT Coin?

XAUT is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair XAUT/USDT or the perpetual contract XAUTUSDT.
4. Place an Order: Enter the amount of XAUT you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.