About:
Tether Gold (XAUT) is a gold-backed stablecoin issued by Tether, founders of the well-known USDT.
Each XAUT represents ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA) stored in Switzerland
The tokenization of gold on the blockchain provides Tether Gold (XAUT) with benefits that usually only the crypto assets have.
XAUT allows for fractional ownership of gold, making it easier for investors to buy and sell smaller amounts of gold without physically dividing it.
As XAUT is backed by gold, its value is expected to be less volatile than other cryptocurrencies, making it a secure asset during times of market uncertainty.
Pair: XAUT/USDT
Check out the benefits of gold!
