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About Tether Gold
Tether Gold (XAUT) is a digital asset backed by physical gold, where each token represents ownership of one troy fine ounce of physical gold on a specific gold bar. Launched by Tether in 2020, XAUT is a commodity-backed stablecoin available as an ERC-20 token on Ethereum and a TRC-20 token on TRON. It allows for the digital transfer and storage of gold with zero custody fees. The physical gold backing the tokens is held in a secure Swiss vault, and token holders have direct ownership rights, which can be verified through the Tether platform or redeemed for physical gold.
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