Introducing Tether Gold (XAUt)
Physical assets like gold have several downsides, with storage challenges being a major nuisance. To combat this, TG Commodities Limited introduced a stablecoin known as XAUt.
It seamlessly combines the stable value of gold with the flexibility of cryptocurrencies to overcome this limitation. The blockchain ERC-20 standards add further to the transparency and security offered by this token.
That said, let’s dig deeper into everything about Tether Gold that you need to know if you are planning to invest in it.
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What is Tether Gold (XAUt)?
Tether Gold or XAUt, a part of the Tether ecosystem, is a digital asset that utilizes the Ethereum blockchain to compute the value of gold through the platform’s native token. The basic aim of this currency is to blend the undersupply and stability of gold with a virtual token.
A single XAUt token offers an indirect hold of one troy ounce of tangible gold. It is securely stored and is even auditable, thanks to the availability of details like purity and serial numbers.
It is a stablecoin that complies with the standards employed by the London Bullion Market Association’s Good Delivery. In addition, the token also follows all the ERC-20 regulations, being a part of the Ethereum network.
Historical Background of Tether Gold
The release of Tether Gold dates back to 24 January 2020 intending to help individuals invest in gold assets without its physical possession. It is traded on multiple exchanges like Bitfinex and is designed to be a strong Bitcoin contender in the store-of-value market.
There are no custody fees associated with the token. You just need to pay a one-time 25 basis point fee when purchasing the coin from TG Commodities Limited.
Significance of Tether Gold in the Modern Economy
Tether Gold bridges the gap between gold investment and the digital cryptocurrency market. With this fusion, you can rest assured about stability and less volatility – a common concern amongst crypto owners.
Since there is involvement of a physical asset, you can expect stability, which is particularly important in today’s times of economic uncertainty.
The best part is that Tether claims that tokens are fully backed by gold in Swiss value, offering investors direct control over it, thus promoting transparency and security.
How Tether Gold is Pegged to Physical Gold
XAUt is pegged to physical gold in a straightforward process. When you purchase a coin, Tether assigns one troy ounce of gold to it, which is then stored in a safe vault in Switzerland. The entire process assures the value of Tether Gold is directly connected to the real-time market price of the gold.
It means that holding a Tether Coin allows you to redeem it for physical gold. However, there is a minimum fee that you must pay to proceed with it.
Investment Prospects with Tether Gold (XAUt)
Whether you are a crypto enthusiast or a traditional investor, Tether Gold, with its unique combination, can cater to your expectations. Here are two investment-related benefits of this token that set it apart from other coins popular in the market:
Diversification of Investment Portfolio
While XAUt itself is a single asset, it offers dual advantages of both traditional and digital investment.
It is particularly helpful against inflation and currency devaluation as your portfolio will be diversified with a combination of liquidity offered by digital assets and the stability of gold.
Potential Returns
The XAUt returns are tied to how gold performs in the market. And in relation to its upward price trend, you have maximum chances to earn higher profits.
Risks Associated with Tether Gold Investment
Although Tether Gold investment is stable compared to other crypto coins, there are some risks associated with it that investors should understand.
Market Volatility
Although gold is a physical asset that possesses chances for maximum ROI, it can sometimes be subjected to huge fluctuations, leading to short-term volatility. In case this occurs, the value of Tether Gold would be negatively impacted.
Regulatory Risks
There are a few regulatory risks associated with XAUt, particularly because of the ever-evolving crypto landscape. This can certainly impact its availability and operations.
For example, the company that introduced Tether Coin faced a few legal challenges due to the backing of its stablecoins. The particular instance raised concerns about the token’s regulatory environment.
Storage and Security Aspects
Tether Gold offers top-notch security by ensuring safe storage of the gold and integration of blockchain technology. Let’s dig deeper into this aspect.
Secure Storage Options
What makes Tether Gold a secure and transparent investment is the fact that the gold assigned to each token is stored in Swiss vaults. The lockers are equipped with advanced security measures that encompass top-notch surveillance, access control, and auditing protocols.
The Blockchain Technology Behind Tether Gold
XAUt is built on Ethereum and Tron blockchains and thus utilizes their robust features to ensure user security. Moreover, the involvement of blockchain technology offers transparency, immutability, and traceability.
With these features in action, all the transactions are recorded and can be verified publicly. Additionally, it is not possible to alter these records by any means. Lastly, the audit trail lets token holders trace all the XAUt-related activities.
Comparison with Other Investment Avenues
Let’s compare Tether Gold with traditional gold investment, Tether (USDT), and Bitcoin.
Tether Gold vs Traditional Gold Investment
| Metric | Tether Gold (XAU₮) | Traditional Gold Investment |
| Liquidity | High | Lower |
| Storage Costs | Minimal | May include fees |
| Accessibility | Digital | Physical |
| Transparency | Auditable | May lack transparency |
| Volatility | Moderate | Moderate |
Tether Gold vs Tether
| Metric | Tether Gold (XAU₮) | Tether (USDT) |
| Backing Asset | Physical Gold | Fiat Currency (USD) |
| Stability | Tied to Gold Price | Pegged to USD |
| Inflation Hedge | Yes | Subject to Inflation |
| Market Value | Gold Price Fluctuates | Stable at 1 USD |
| Use Cases | Diversification | Digital Transactions |
Tether Gold vs Bitcoin
| Metric | Tether Gold (XAU₮) | Bitcoin (BTC) |
| Inherent Value | Backed by Gold | Digital Store of Value |
| Price Volatility | Moderate | High |
| Adoption | Growing | Established |
| Use Cases | Diversification | Investment and Transactions |
| Market Capitalization | Subject to Gold Price Fluctuations | Highly Volatile |
Platforms for Trading Tether Gold
Some platforms that provide liquidity and accessibility for trading Tether Gold against various cryptocurrencies and fiat currencies are listed as follows.
How to Buy XAUt Tokens on Bitget
If you are planning to buy XAUt coins, Bitget is the most suitable option for its exceptional security. Here’s a detailed guide that explores how you can purchase this token on the platform.
Creating Your Bitget Account
To get started, you need to create a Bitget account, which includes the following steps.
- Sign-up Process
Click on the link below, which will take you to Bitget’s registration page using a special Coin-Labs referral code. Sign up by providing your email address and creating a strong password. Next, you will receive a confirmation link in your inbox. Click on it to verify.
- Verification Procedures
Once your account is created, you must go through two additional verification processes for safety purposes.- KYC (Know Your Customer) Process – you need to submit documents as required
- Submit the required personal information and a selfie for authentication
Securing Your Bitget Account
Next up, you need to secure your Bitget account for the safety of your personal and financial data by the following means.
- Two-factor Authentication (2FA)
For this, you can either use the Google Authenticator app or SMS verification to add an extra layer of protection. With this, whenever you log in to your account, you will have to add a one-time code besides the password. - Withdrawal Whitelist
Furthermore, you must set up a withdrawal whitelist with trusted wallet addresses. This feature is crucial to ensure that any request to withdraw the currency will only be processed on the added addresses.
Funding Your Bitget Account
Before buying XAUt on Bitget, you must first fund your account. Here’s a brief guide regarding that.
- Deposit Options
There are many currencies that you can add to your account ranging from Bitcoin to Ethereum and more. Moreover, you can also go for fiat deposits through any authentic third-party service.
- Deposit Procedure
The deposit process on Bitget is quite straightforward. All you need to do is navigate to the Deposit section on your account and select the cryptocurrency that you wish to proceed with. The action will generate a unique deposit address to which you can transfer a desired amount of funds quickly and safely.
The Buying Process of XAUt on Bitget
Here’s a step-wise guide to navigating you through the buying process of XAUt on Bitget.
- Go to the trading platform
- Search for XAUt in the trading pairs
- Choose your preferred trading pair (e.g., XAUt/USDT)
- Place a buy order, specifying the amount and price
- Confirm the order, and it will be executed when matched with a seller
Storing Your XAUt Tokens
Once you have purchased Tether Gold, you can store it securely in the Bitget wallet. However, for additional security, it is recommended to transfer it to a secure hardware wallet.
Conclusion
To conclude, Tether Gold has emerged as a unique and promising investment opportunity combining the stability of physical gold and the convenience of digital assets.
While the coin’s value is subject to market trends, its ability to act as a hedge against economic uncertainty and inflation is commendable.
As XAUt continues to make a place in the crypto space, its future projections indicate it may play a significant role in diversifying portfolios and safeguarding wealth.
We Coin-Labs.com provides only objective information about Tether Gold.
Therefore, we are not responsible for the investment decision in Tether Gold and the resulting loss.
Tether Gold Basics
Here are some factors that investors should consider before investing in Tether Gold.
| Cryptocurrency Features | Tether Gold (XAUt) |
|---|---|
| Publisher or Developers | Reeve Collins, Brock Pierce, Craig Sellars |
| Headquarters (Registration Number) | |
| Symbol | XAUt |
| Platform | Ethereum |
| Published Date (CMC Registration) | 2024-12-01 |
| Max Supply | No limit |
Reliability Score of Tether Gold in 2024
These are indexes mesuring the investment reliability of Tether Gold conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | / 10.0 CAR |
| Communication Rate | / 10.0 CR |
| Technology Transparency Rate | / 10.0 TTR |
| Development Participation Rate | / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 4 Exchanges |
| Number of Available Pairs Worldwide | 92 Pairs |
| Market Cap of the Cryptocurrency | 499,283,843 USD (Rank #109) |
The table above shows the result of investment suitability evaluation for Tether Gold.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
Tether Gold Price
Here are the price and recent trading volume of Tether Gold. (Data of 2024-12-02 03:40:00)
| Price Items | Price and Trading Volume of Tether Gold |
|---|---|
| Tether Gold Price | 2,654.474 USD |
| Price Change 24h | -0.01% |
| Price Change 7d | -2.43% |
| Trading Volume 24h | 4,815,926 USD |
| Trading Volume Change 24h | -8.19% |
Cryptocurrency Metadata
You can check the development status and social media information of Tether Gold through the links in the table below.
| Metadata Source | URL |
|---|---|
| 🌎 Official Website | https://gold.tether.to/ |
| 📖 White Paper | |
| 🛰️ Source Code (GitHub) | |
| https://twitter.com/tethergold | |
| 🎺 Message Board |
Where to Buy Tether Gold
Here are the top ten world crypto exchanges where traders can buy Tether Gold in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Not listed | |
| Coinbase | Not listed | |
| Kraken | Not listed | |
| KuCoin | Not listed | |
| Bitfinex | Listed | https://trading.bitfinex.com/t/BTC:XAUT |
| OKX | Listed | https://www.okx.com/trade-spot/xaut-usdt |
| Huobi | Listed | https://www.htx.com/en-us/trade/xaut_usdt?type=spot |
| Bitstamp | Not listed | |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/trade/XAUT_USDT |
Frequently Asked Questions
What is the current price of Tether Gold?
Tether Gold price today is 2,654.474 USD. Furthermore, the price of Tether Gold has fluctuated by -0.01% from 24 hours ago, and by -2.43% from a week ago.
Where is Tether Gold listed?
Currently, it is listed on a total of 4 among the world top 10 exchanges.
What is the market cap of Tether Gold now?
Currently, Tether Gold has a market cap of 499,283,843 USD, which is ranking 109 among cryptocurrencies worldwide.
How much is the trade volume of Tether Gold?
Currently, 246,524 XAUt coins are circulating through 92 market pairs. As a result, in the last 24 hours, 4,815,926 USD of XAUt coins were traded in the market.
