Tether Gold TokensPrice

(XAUT0)

Tether Gold (XAU₮) is a digital token, functioning as a commodity-backed stablecoin. Each unit signifies direct ownership of one fine troy ounce of physical gold. This gold adheres to "London Good Delivery" standards and is securely stored in specialized Swiss vaults. Unlike traditional stablecoins pegged to fiat currency, XAU₮'s value is directly tied to the global market price of physical gold, allowing its value to fluctuate in alignment with gold's market movements.

XAU₮ serves as the primary ticker for the standard Tether Gold token, initially available on various established blockchains. In contrast, XAUt0, also known as XAUt-zero, specifically designates the recently launched omnichain iteration of Tether Gold. This version is deployed on The Open Network (TON) blockchain, designed to integrate seamlessly within the Telegram/TON ecosystem. XAUt0 offers advantages such as enhanced transaction speeds and potentially lower network fees for users engaging with digital gold in this specific environment.

The physical gold assets that fully back every Tether Gold (XAU₮) token are meticulously stored in highly secure, specialized vaults located within Switzerland. Each individual gold bar is assigned a unique serial number, ensuring its distinct identification. This robust system underpins Tether Gold's commitment to verifiable asset backing, affirming that holders possess direct ownership rights to these identifiable gold bars.

Tether offers a transparent "Look-up Tool" accessible directly on their official website for verification purposes. Holders can utilize this tool by entering their unique on-chain address. Upon doing so, they will be able to view specific details pertaining to the gold bars associated with their tokens. This includes the individual serial number, the reported purity level, and the precise weight of the physical gold, providing direct evidence of the underlying asset.

A significant advantage for long-term holders of Tether Gold (XAU₮) is the absence of ongoing storage or custody fees. Unlike many traditional investment vehicles for gold, such as physical storage solutions or certain exchange-traded funds, Tether Gold is structured to eliminate these recurring costs. This design aims to make holding tokenized gold more accessible and cost-effective for investors over extended periods.

Yes, redemption of physical gold is possible, though it comes with specific requirements. Holders must possess a sufficient amount of XAU₮ tokens to represent a full "London Good Delivery" gold bar, which typically equates to approximately 400 troy ounces. Physical delivery is primarily facilitated within Switzerland. As an alternative, users also have the option to request that Tether facilitate the sale of their corresponding gold on the Swiss market. The proceeds from this sale, denominated in US Dollars and minus any applicable fees, would then be disbursed to the holder.