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What can you do with Tether Gold?
Store/Hold Tether Gold
Many users hold on to their Tether Gold with the expectation of it increasing in value. You can store your XAUT safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Tether Gold
You can trade Tether Gold for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Tether Gold trading to meet your needs.
Send Tether Gold
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Tether Gold online and send to anyone and anywhere with their Tether Gold address.
Spend Tether Gold
You can also buy goods and services with your Tether Gold. More and more vendors and retailers accept Tether Gold every day.
Donate Tether Gold
Bitget Charity accepts Tether Gold donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Tether Gold so no one misses out on the growth made possible by blockchain.
Learn More About Tether Gold
You can read more in-depth articles on Tether Gold from Bitget Research and study how cryptocurrencies like Tether Gold work on Bitget Academy
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What is Tether Gold (XAUT)?
Tether Gold (XAUT) is a special stablecoin product of the Tether company. It is pegged to gold and is backed by physical gold held in Tether’s vault in Switzerland. The creation of a gold-pegged stablecoin is said to make gold more easily divided, stored, and transported, and thus more accessible to every individual and institution.
XAUT was created in 2020 and is only available on Ethereum at the moment.
How Tether Gold (XAUT) Works
XAUT’s price is backed by gold held in a Swiss Vault under the control of Tether. Every whole token of XAUT is equivalent to one troy fine ounce of London Good Delivery gold bar, and a token can be fractionalized up to six decimal places, which is as small as 0.000001 troy fine ounce.
One special thing about XAUT is that ownership of the XAUT token also represents the ownership of the physical gold bar held in the vault. Tether will build a tool where people can look up and know for certain which gold bar is associated with which XAUT-holding wallet.
Another feature that makes XAUT a pioneering stablecoin is that Tether does not charge custody or gas fee for XAUT users, and it allows for XAUT to be redeemable for physical gold. The redeemed gold can be delivered to the user’s designated address in Switzerland or sold into USD by Tether on behalf of the users.
How Many Tether Gold (XAUT) Tokens Are in Circulation?
As a stablecoin, XAUT does not have a total supply. Its circulating supply is 246,524. It may not seem much as in the number of tokens, but the market cap of XAUT calculated from this circulating supply is $455 million.
How to Buy Tether Gold (XAUT)
Consider investing in Tether Gold (XAUT)? It only takes 2 minutes to create an account on Bitget and start trading XAUT.
Check out the available XAUT trading pairs on Bitget!
Spot market
Tether Gold (XAUT) Resources
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