What is Tether Gold (XAUT)? How it works?

By PrisonedBus9641 | Cryptonews9641 | 3 May 2020

Tether Gold (XAUT) is an ERC20 token based on the Ethereum blockchain and at the same time it is a TRC20 token based on the TRON blockchain, so it can be transferred in P2P mode to and from any Ethereum or Tron address.


Each XAU ₮ token represents the value of an ounce of physical gold with a 1: 1 ratio. It was issued to meet the growing demand for digital exposure to the safe haven par excellence by TG Commodities Limited, which will deal with selling and redeeming XAUT tokens.




Attention in the world of cryptocurrencies towards gold is increasing. Tether Gold is not the first project tested in this regard, but given the high correlation between gold and Bitcoin, the demand for stablecoins anchored to gold has increased significantly in recent years. For cryptocurrency investors who are interested in investing in physical gold, stablecoins anchored in its value are the answer to this market demand.



The advantage is given by the availability that such a stablecoin is provided by Tether which could give wide diffusion to Tether Gold. This is because Tether is already widely spread on many exchanges.


Bitfinex and Tether CTO Paolo Ardoino has revealed that Tether Gold is completely covered by gold reserves, and that every single token is connected to a specific physical gold bar.










Link to get 10 AWC witch the Atomic Wallet:



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