Tether Gold (XAUT) Price, Market Cap & Coin Guide

Tether Gold (XAUT, often styled XAU₮) is a digital token that represents ownership of physical gold. Each XAUT token corresponds to one fine troy ounce of gold stored in professional vaults, allowing investors to hold and transfer gold exposure on-chain without dealing with physical bars directly.

XAUT was launched in January 2020 by TG Commodities Limited, a company affiliated with Tether. It is issued primarily as an ERC‑20 token on Ethereum, with versions on other chains such as BNB Chain, enabling integration with wallets, exchanges and DeFi protocols.

By category, XAUT is a commodity‑backed token (gold‑backed stablecoin). Unlike dollar‑pegged stablecoins, its value tracks the price of gold rather than a fiat currency, offering exposure to a traditional store of value in a digital, divisible and transferable form.

The gold backing XAUT must meet the London Good Delivery standard set by the London Bullion Market Association (LBMA). Reserves are held in secure Swiss vaults under the care of a custodian, and each token is linked to specific allocated gold bars.

Holders can, in principle, redeem XAUT for physical gold under the issuer’s terms, typically in full bar increments, though most users interact with XAUT as a tradable digital asset rather than for physical delivery.

The Tether Gold price chart shows how XAUT has traded over different timeframes, from short‑term moves to multi‑year trends. Because XAUT is designed to track the price of gold, its chart closely mirrors the behavior of spot gold (XAU/USD), with minor deviations due to liquidity, premiums/discounts and market structure.

Short intervals like 24H and 7D highlight near‑term volatility driven by gold prices, macro data and risk sentiment, while 1Y and ALL views reflect longer‑term trends in the gold market since XAUT’s launch.

The chart should be treated as a reflection of gold’s price dynamics in tokenized form, not as an independent speculative asset with its own fundamental trajectory separate from physical gold.

Tether Gold (XAUT) is a gold‑backed digital token. Each full XAUT token represents ownership of one fine troy ounce of physical gold held in secure Swiss vaults. The gold must meet LBMA London Good Delivery standards, the same benchmark used in professional bullion markets.

XAUT allows users to gain exposure to gold without buying, storing and insuring physical bars themselves. Instead, ownership is recorded on a public blockchain, making it easy to transfer, divide and trade globally.

Key characteristics:

• 1:1 gold backing: one XAUT = one fine troy ounce of physical gold.

• Allocated reserves: each token is linked to specific gold bars, not a generic pool.

• Divisibility: XAUT can be divided into small fractions (down to six decimals), enabling fractional ownership of gold.

• On‑chain transparency: holders can verify their associated gold bars via the issuer’s lookup tool using their wallet address.

XAUT is issued and managed by TG Commodities Limited, part of the broader Tether ecosystem. It combines the traditional role of gold as a store of value with the efficiency and accessibility of blockchain technology.

XAUT is a token, not a native coin, because it is issued on top of existing blockchains (primarily Ethereum) rather than running on its own standalone chain.

Tether Gold operates through a mint‑and‑redeem model tied to physical gold:

• Gold deposit: eligible participants deposit LBMA‑standard gold bars with the custodian in Switzerland.

• Token issuance: once the gold is verified and allocated, the issuer mints an equivalent amount of XAUT tokens on the blockchain.

• Trading and transfers: users can buy, sell and transfer XAUT like any other ERC‑20 token, using compatible wallets and exchanges.

• Redemption: under the issuer’s terms, XAUT holders can redeem tokens for physical gold, typically in full bar increments, subject to minimums and procedures.

Each XAUT token represents an undivided ownership interest in identifiable gold bars. The issuer maintains a public record linking wallet addresses to specific bars (by serial number, weight and purity), allowing holders to verify their underlying assets.

Because XAUT runs on Ethereum and other chains, it can be:

• Stored in standard ERC‑20‑compatible wallets.

• Traded on centralized and decentralized exchanges that list XAUT.

• Used as collateral or integrated into DeFi protocols that support the token.

The value of XAUT tracks the market price of gold. If gold rises, XAUT’s price in USD tends to rise proportionally; if gold falls, XAUT’s price typically declines in line with the metal.

XAUT’s tokenomics are directly tied to the amount of physical gold held in reserve. There is no fixed maximum supply in the traditional crypto sense; instead, supply expands and contracts with gold deposits and redemptions.

Key aspects:

• Backing ratio: each XAUT token is intended to be backed 1:1 by one fine troy ounce of physical gold.

• Minting: new XAUT is created when gold is deposited and verified by the custodian.

• Burning / redemption: when holders redeem XAUT for physical gold, the corresponding tokens are removed from circulation.

• Supply dynamics: total and circulating supply reflect the net amount of gold tokenized at any given time.

Unlike algorithmic tokens or fiat‑stablecoins with complex emission schedules, XAUT’s supply is driven by real‑world gold flows:

• More gold deposited → more XAUT minted.

• More redemptions → more XAUT burned.

The issuer publishes periodic attestations and reports on reserves to confirm that outstanding XAUT is fully backed by allocated gold. This transparency is central to the token’s value proposition as a digital proxy for physical bullion.

Tether Gold (XAUT) is available on selected centralized and decentralized exchanges. A typical path to buying XAUT looks like this:

1. Create an account on an exchange that supports XAUT, or connect an Ethereum‑compatible wallet to a DEX that lists XAUT.

2. Complete any required identity verification if using a centralized platform.

3. Deposit fiat currency or another cryptocurrency, such as USDT, USDC or ETH.

4. Search for XAUT and choose a trading pair like XAUT/USD, XAUT/USDT or XAUT/ETH.

5. Place a market order to buy instantly or a limit order at a chosen price.

After purchasing XAUT, users can keep it on the exchange for short‑term trading or withdraw it to a non‑custodial wallet that supports ERC‑20 tokens.

XAUT can be stored in any wallet that supports Ethereum and ERC‑20 tokens. These include exchange wallets, browser and mobile wallets, and hardware wallets integrated with Ethereum.

For holding:

• Exchange wallets are convenient for active traders but place custody with the platform.

• Non‑custodial wallets allow users to control their private keys and interact directly with Ethereum dApps and DeFi protocols.

• Hardware wallets offer an extra security layer by keeping private keys offline, while still enabling interaction with Ethereum‑based applications through compatible software.

Good practices:

• Use wallets that clearly support ERC‑20 tokens and display XAUT correctly.

• Back up seed phrases and private keys securely.

• Double‑check network (Ethereum), addresses and gas settings before sending XAUT.

• Be cautious of phishing sites and fake tokens that mimic XAUT.