The live price of Tether Gold (XAUT) today is 2,793.19 USD, and with the current circulating supply of Tether Gold at 246,524 XAUT, its market capitalization stands at 688,587,642 USD. In the last 24 hours XAUT price has moved 24.9302 USD or 0.01% while 1,319,279 USD worth of XAUT has been traded on various exchanges. The current valuation of XAUT puts it at #112 in cryptocurrency rankings based on market capitalization.
Learn more about the Tether Gold blockchain network and how it works or follow the price of its native cryptocurrency XAUT and the broader market with our unique COIN360 cryptocurrency heatmap.
Tether Gold (XAUT) is a digital token that provides you with ownership of real physical gold. Think of it as holding gold in your digital wallet. Each XAUT token represents one troy ounce of gold on a physical bar that meets the London Bullion Market Association (LBMA) Good Delivery standard.
Owning physical gold has always been considered a safe investment. However, it comes with its own set of challenges, such as storage costs and transportation issues. XAUT solves these problems by putting gold on the blockchain. You get the stability of gold and the convenience of a cryptocurrency.
Moreover, XAUT tokens are highly divisible. Unlike physical gold, which is hard to split, you can divide XAUT tokens into increments as small as 0.000001 troy ounces. This flexibility makes it easier for you to trade and manage your investments.
Tether Gold is managed by TG Commodities Limited. They ensure that every XAUT coin is backed by real, physical gold stored in secure Swiss vaults. This adds a layer of security and trust to your investment. You can even verify your gold allocation on their website, which ensures complete transparency.
TG Commodities Limited takes care of all the logistics involved in storing and securing the gold. This means you don't have to worry about where your gold is kept or how secure it is. They have got it all covered, giving you peace of mind.
Yes, XAUT is considered a stablecoin because it is backed by physical gold. Stablecoins are cryptocurrencies designed to minimize price volatility. While most stablecoins are pegged to fiat currencies like the US dollar, XAUT is pegged to gold. This provides a different kind of stability, tied to the historical value of gold.
Gold has been a stable store of value for centuries. By backing XAUT with gold, Tether provides a stable and reliable cryptocurrency. This makes XAUT an excellent choice for investors looking for a stable asset in the volatile world of cryptocurrencies.
XAUT is one of the safest digital assets you can own. Here's why:
Backed by Physical Gold: Each XAUT token is backed by one troy ounce of physical gold that meets the LBMA Good Delivery standard. This ensures the quality and authenticity of the gold.
Secure Storage: The physical gold is stored in secure Swiss vaults. Switzerland is known for its stringent security measures and neutrality, adding an extra layer of safety.
Transparency: You can verify your gold allocation on the Tether Gold website. This means you can check at any time to ensure that your tokens are fully backed by physical gold.
Easy Redeemability: If you ever want to redeem your XAUT tokens for physical gold, you can. Tether Gold offers the option to deliver physical gold bars to any address in Switzerland.
No Custodian Fees: Unlike traditional gold investments, XAUT does not have custodian fees. There's just a one-time 25 basis point fee when you purchase or redeem XAUT from TG Commodities Limited. Additional fees may apply for redemption.
Buying XAUT is straightforward and can be done on several popular cryptocurrency exchanges. Here’s how you can get started:
Choose an Exchange: XAUT tokens are traded on various centralized crypto exchanges. Bitfinex is the most popular exchange for buying and trading XAUT. Other options include OKX and BingX.
Create an Account: If you don't already have an account on one of these exchanges, you'll need to create one. This typically involves providing some personal information and verifying your identity.
Deposit Funds: Once your account is set up, you can deposit funds. Most exchanges accept deposits in fiat currencies like USD or in other cryptocurrencies.
Buy XAUT: With funds in your account, you can now buy XAUT tokens. Simply search for the XAUT trading pair (e.g., XAUT/USD) and place your buy order.
Store Your XAUT: After purchasing, you can store your XAUT tokens in the exchange's wallet or transfer them to your own crypto wallet for added security.
XAUT tokens are available on several cryptocurrency exchanges. Bitfinex is the most active exchange for XAUT, with the highest trading volumes. You can also find XAUT on other platforms like OKX and BingX. These exchanges provide a secure and convenient way to trade XAUT tokens.
Reasons for Investing in XAUT | Reasons Against Investing in XAUT |
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Tether Gold Price | 2,793.19 USD |
Market Rank | #112 |
Market Cap | 688,587,642 USD |
24h Volume | 1,125,496 USD |
Circulating Supply | 246,524 XAUT |
Max Supply | No data |
Yesterday's Market Cap | 683,814,080 USD |
Yesterday's Open / Close | 2,748.89 USD / 2,773.82 USD |
Yesterday's High / Low | 2,776.43 USD / 2,745.01 USD |
Yesterday's Change | 0.01% ( 24.9302 USD ) |
Yesterday's Volume | 1,319,279.13 USD |