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
Buy XAUT in 3 easy steps!
Create your free Bitget account
Select a funding method
Complete your Tether Gold purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Tether Gold using a payment method of your choice:
Buy Tether Gold with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Tether Gold order.
How to buy crypto with credit/debit cardBuy Tether Gold with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Tether Gold is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Tether Gold order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Tether Gold order.Buy Tether Gold with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Tether Gold order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Tether Gold in your Bitget spot wallet
Bitget—where the world trades Tether Gold
How to buy Tether Gold for free
- Learn how to earn Tether Gold for free through the Learn2Earn promotion
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- Receive free Tether Gold airdrops by joining On-going challenges and promotions
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