XAUT

Tether Gold price

XAUT
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3.1/5
CyberScope
3.8
05/25/2024
TokenInsight
2.4
11/08/2022
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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USD
USD
$2,334.82
-0.06%
1h
24h
1W
1M
1Y
All

Tether Gold price live data

The current price of Tether Gold is $2,334.82. Since 00:00 UTC, Tether Gold has decreased by -0.05%. It currently has a circulating supply of 246,524 XAUT and a maximum supply of 246,524 XAUT, giving it a fully diluted market cap of $575.66M. At present, Tether Gold holds the 0 position in market cap rankings. The Tether Gold/USD price is updated in real-time.

Tether Gold price performance in USD

Time periodChange amount%Chg
Today-$1.1999 -0.06%
7 days-$79.0802 -3.28%
30 days$4.1198 +0.17%
3 months$305.62 +15.06%

Tether Gold market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$2,334.42
Last price $2,334.82
24h high$2,359.22
Market cap
$575.66M
Favorited rate
Percentage of users who favorited this asset to all users
0.31%
All-time high
$17,000.00
-86.27% (-$14,665.18)
Dec 21, 2022 (2 years ago)
All-time low
$1,611.50
+44.88% ($723.32)
Sep 28, 2022 (2 years ago)
ICO date
02/10/2020
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
246,524 XAUT
Market cap at circulating supply
Market cap = Circulating supply × Last price
$575.66M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 04/01/2019

About Tether Gold (XAUT)

In the fast-paced world of cryptocurrency, Tether Gold (XAUT) stands out as a unique asset, representing a digital version of physical gold. As an asset-backed token, XAUT's value is intrinsically linked to the price of gold, providing traders with an innovative way to engage with the precious metal within the digital realm. 

What is Tether Gold

Tether Gold is a digital asset pegged to gold’s value. Each unit of the project’s token is an equivalent price of an ounce of this valuable asset. It can be described as a stablecoin, albeit backed by real gold, not fiat currencies. This gold-pegged stablecoin is issued by Tether, the company behind the leading US dollar-based stablecoin USDT.

Gold has retained its value throughout the years and has become an ideal option for most people to pass their wealth to the next generation. Tether Gold aims to piggyback on this and deliver an innovative platform that offers you ownership of gold without the numerous drawbacks associated with the physical asset, such as location limits concerning purchasing and owning gold. With this platform, users hold physical and digital assets. 

The Tether Gold team 

Tether Gold was developed by a group of Bitcoin supporters and enthusiasts keen on facilitating the seamless use of traditional currencies in a digital capacity. The team comprises renowned experts from Tether, such as JL Van Der Velde (CEO), Giancario Devasini (CFO), Stuart Hoegner (General Counsel), Paolo Ardoino (CTO), Leonardo Real (CCO), and Claudia Lagorio (COO). 

How does Tether Gold work 

Tether Gold works like a fiat currency-backed stablecoin, with a few differences. When a user buys the project’s native token, XAUT, it assigns ownership of one troy ounce of gold to the purchased token. The gold is then safely stored in a vault on the user’s behalf. In essence, when someone buys the native token, they immediately own a physical gold asset which Tether safeguards and keeps custody of. According to the team, there is a minimum purchase of 50 tokens. 

The nature of physical gold makes the redemption of funds a bit complicated. Tether Gold holders can choose to redeem their tokens for ounces of physical gold or request TG Commodities Limited to sell them for cash. Either of these options attracts a transaction fee. 

Tether Gold can deliver physical gold to any location in Switzerland. 

Tether Gold’s native token: XAUT 

XAUT is the project’s native token. It represents ownership of physical gold securely stored somewhere in the world. It is an ERC-20-compatible token, meaning it can be deployed on the Ethereum network

Each holder receives a unique serial number associated with their gold holdings, which is required during the ownership verification process. This verification process ensures the authenticity and ownership of the real gold backing the digital asset, offering transparency and security to XAUT holders.

XAUT tokenomics 

There is a total and circulating supply of 246,500 tokens. XAUT, according to the website, will guarantee holders an opportunity to trade and own real gold. Like USDT, there is no maximum supply of XAUT, as the company continually mints additional tokens whenever a customer purchases them. However, one significant difference from regular stablecoins is that XAUT can be redeemed for physical gold or sold for cash.

XAUT use cases 

XAUT offers several use cases as a token representing the value of gold. Firstly, it serves as a store of value, providing users with exposure to the stability and potential appreciation of physical gold. Additionally, XAUT caters to customers who wish to buy gold but cannot physically store them, offering a convenient and secure alternative for those seeking exposure to the precious metal.

XAUT FAQ

What is Tether Gold (XAUT)? 

Tether Gold (XAUT) is a blockchain-based stablecoin, uniquely pegged to the value of physical gold. This approach combines the stability of gold with the efficiency and accessibility of blockchain technology, making XAUT a secure and transparent digital representation of tangible wealth.

What are the benefits of holding XAUT? 

Holders of XAUT gain ownership of physical gold, with the option to redeem it for the asset or cash. Additionally, XAUT is tradable on various exchanges, providing liquidity and accessibility for traders.

Where can I buy XAUT? 

Easily buy XAUT tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the XAUT/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for XAUT with zero fees and no price slippage by using OKX TR Convert.