admin 
Tether Gold, a stable cryptocurrency issued by Tether and backed by real gold collateral, is denoted by the abbreviation XAUt. It consistently maintains a value equal to one ounce of gold. Investors have the option to request Tether Gold as physical gold, ensuring their investments are supported by tangible gold.
What is Tether Gold?
Developed by the Tether company, the force behind USDT, one of the largest stablecoins pegged to the US dollar, Tether Gold is a stable cryptocurrency linked to the price of one ounce of gold.Tether Gold project aims to provide a secure and stable haven for investors by leveraging blockchain technology to achieve low volatility and establishing a robust connection with traditional finance.
How Does it Operate?
Similar to other stablecoins, Tether Gold operates on a collateralized structure. Each XAUt token is backed by 1 troy ounce of gold held on the blockchain, maintaining a price balance between XAUt and one ounce of gold.
Investors holding Tether Gold have the option to exchange these tokens for physical gold. For token creation or burning processes, the Tether company charges investors a one-time transaction fee of 25 basis points.
Tether Gold (XAUt) Token As Tether Gold (XAUt) is produced with collateral, it does not have a maximum supply limit. The supply adjusts based on production or burning requests received by the Tether company.
The XAUt token is a cryptocurrency produced in compliance with ERC-20 standards on the Ethereum blockchain. This enables the XAUt token to be easily stored, transferred, and traded, supported by Ethereum-based wallets and platforms.
Price: $1865.19
MarketCap: $442,514,694
Circulation Supply:246,524 XAUt
You might like it:SEC, Postpones ETF Decisions Again
Project Features
Distinguished from other stablecoins by being a commodity-backed asset, Tether Gold is frequently preferred by traditional investors. XAUt stands out for the advantages it offers to investors, typically categorized under four main headings:
● Easy Transfer: While moving physical gold can be challenging, transferring XAUt is as simple as moving other cryptocurrencies, thanks to its 24/7 transferability on the blockchain.
● 24/7 Trading: Physical gold transactions have limited capacity due to location and time constraints. However, XAUt tokens can be bought and sold 24/7 from anywhere in the world, 365 days a year.
● Easy Storage: Storing physical gold can be expensive and expose investors to geopolitical risks. Storing XAUt tokens is as straightforward as storing other crypto assets.
● Convertible to Physical Gold: XAUt tokens can be demanded as physical gold. Upon request, investors can receive physical gold bars delivered to a specified address in Switzerland.
You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for the kind of news.