Tether Gold: In this article, we cover a detailed review of Tether Gold. How does Tether Gold Crypto work & Are important features?
About Tether Gold
Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).
Tether Gold Point Table
|Coin Name||Tether Gold|
|Circulating Supply||246,524 XAUt|
|Official Project Website||Click Here To Visit Project Website|
XAUt Price Live Data
XAUt is a digital token, backed by physical gold.
From ancient civilizations, humans have used gold as money and a store of value. Since then, and especially in times when the overall macro market has been in distress, gold has been used as a hedge.
A Safe Portfolio Diversification Asset
The key to diversification is finding investments that are not closely correlated to one another; Gold has historically had a negative correlation to stocks and other financial instruments. Properly diversified investors combine Gold with stocks and bonds and crypto in a portfolio to reduce the overall volatility and risk.
Tether Gold Features
Easy to Transport
Transporting physical gold is challenging, however, transporting your XAUt tokens is as easy as taking your other crypto-assets with you, whenever you need to.
It’s difficult to split up your physical gold bars. However XAUt tokens are divisible into increments as small as 0.000001 fine troy ounce of gold.
24/7 Trading with Ease
Trading physical gold limits you to your location and trading hours. XAUt tokens however, can be traded 24/7, 365 days a year from anywhere in the world on exchanges that list XAUt Tokens.
Should you ever want to redeem your XAUt tokens for physical gold, you can. We deliver physical gold bars to any address in Switzerland.
Storing your physical gold can be expensive and can expose you to geopolitical risks. Storing your XAUt tokens is as easy as storing your other crypto-assets.
All physical gold that backs XAUt tokens can be tracked on our website. At any point in time, you can verify your gold allocation in our vaults.
Neutral Monetary Unit
Gold is a neutral monetary asset. Its supply is relatively scarce and the production of new gold is geographically distributed.
Direct gold Exposure
XAUt combines direct exposure to the price of physical gold with the ease of accessibility and transactional utility of a crypto asset.
No custodian fees
There are no custody fees, just a one-time 25 basis point fee at the time you purchase or redeem an XAUt from TG Commodities Limited. Certain additional fees on redemption may apply.
24/7 Customer Support
They have a global customer support team ready at your service around the clock. No matter where you are and which time zone you are in, we will be available when you reach out to us.
Tether Gold Conclusion
Tether Gold (XAUT) represents an impressive advancement in the world of stablecoins, giving users an innovative opportunity to hold physical gold through digital assets. Each XAUT token is tied directly to one fine troy ounce of LBMA-certified gold for added transparency, reflecting the real-world price of gold.
Tether Gold was created to address some of the difficulties inherent to traditional physical gold ownership, which often includes high storage costs and limited accessibility issues. Individuals and institutions seeking exposure to gold as an asset-class now have an easy and cost-efficient alternative in XAUT technology for trading or transferring ownership without incurring logistical or cost issues when handling physical gold ownership directly.
Tether Gold also opens up new avenues of diversification and risk management within the digital asset landscape, offering investors new options for diversification and risk mitigation when dealing with digital assets. By combining gold’s stability and tangible value with the efficiency and versatility of cryptocurrency investments, investors now have an efficient option for protecting themselves from market fluctuations while protecting wealth in times of economic instability.
Tether Gold FAQ
What is Tether Gold?
Tether Gold (XAU₮) 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. Launched in 2020 by TG Commodities Limited, Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility.
What are the advantages of owning Tether Gold?
Tether Gold tokens provide undivided ownership rights to gold on the specified gold bar(s). the allocated gold is identifiable with a unique serial number, purity and weight, so the XAU₮ holders can easily check the details of the gold bars associated with their address.
Owning physical assets on the blockchain provides you with the combined benefits of both physical and digital assets. As a XAUt token holder you will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
Which protocols is the Tether Gold token (XAU₮) available on?
Tether Gold token (XAU₮) is currently available as an ERC-20 token on the Ethereum blockchain.
What is the minimum XAU₮ purchase allowed?
The minimum purchasing amount on the Tether Gold platform is 50 XAU₮ or 50 fine troy ounces (50 XAUT would cost approximately US$90,000 in July 2022). All purchases will be conducted in US Dollars.