Tether Gold

Tether Gold, or XAUT for short, is a token designed by Tether to represent ownership of physical gold. According to project statements, each XAUT corresponds to one troy ounce of gold from a London Good Delivery standard bar, and the gold is stored in vaults in Switzerland. Token holders can use a lookup tool on the Tether website to access information such as the serial number of the bar corresponding to their tokens.

XAUT is issued on Ethereum in line with the Ethereum token standard; Tether is also bringing the product to other networks. Because its price is designed to move with the price of an ounce of gold rather than with the US dollar, it differs from conventional dollar stablecoins. For this reason, the stablecoin label in the catalogue should be read as meaning an asset whose value is tied to a commodity rather than to a currency. Physical delivery and redemption are subject to minimum amounts and identity verification procedures set by the issuer.

On Lzzo.com, the Binance XAUT/USDT value is used for Tether Gold and converted to US dollars using the Coinbase USDT/USD rate. The price shown may differ from the spot price of gold and is for information only.