Tether Gold 

XAUt Price

What is Tether Gold (XAUt)?

Tether Gold (XAUt) is a tokenized gold asset that gives holders on-chain exposure to physical bullion. Each XAUt represents ownership of one fine troy ounce of gold on a London Good Delivery bar stored in Swiss vaults. TG Commodities Limited, an affiliate of Tether, launched the token on January 23, 2020. XAUt serves investors who want gold exposure that transfers and trades around the clock: tokenized gold in the same RWA wave that has moved commodities and equities onto public blockchains.

Is Tether Gold backed by real gold?

Yes. Each XAUt token corresponds to one troy ounce of physical gold on a London Good Delivery bar held in Swiss vaults. The issuer publishes the vault and bar breakdown along with the terms of sale, and the Ethereum token contract is verifiable on Etherscan. Eligible holders can redeem tokens for physical gold on a 1:1 basis. Because every token maps to one ounce, the token supply doubles as the backing metric for the vaulted metal.

How does Tether Gold work?

XAUt runs on a mint-and-redeem model. The issuer mints new tokens only against gold it acquires and stores, and it redeems tokens for physical metal or equivalent value for eligible holders. No fixed maximum supply is set in advance: the token count expands and contracts with the vaulted gold. Tokens are divisible and transferable 24/7 on public blockchains, and no team allocation, cliff, or unlock calendar applies. New supply enters only through issuer minting at a 1:1 ounce ratio.

Who issues Tether Gold and is it affiliated with Tether?

TG Commodities Limited, an affiliate of stablecoin issuer Tether, issues XAUt. The token launched on January 23, 2020 as an issuer product, with the backing gold purchased through Tether's issuance operations. No venture funding rounds or external investors stand behind the product. Concentration risk sits at the issuer level: vault custody, attestation practices, and the financial standing of the Tether group entities carry the asset's credibility.

Which blockchains does Tether Gold run on?

The main XAUt token lives on Ethereum, where the contract is publicly verifiable on Etherscan. Tether deployed XAUt to the Plasma blockchain. A separate omnichain version, XAUt0, launched on TON via LayerZero, and each XAUt0 is backed 1:1 by XAUt on Ethereum. Multichain availability keeps the token reachable across major wallets and DeFi venues.

Does Tether Gold pay a yield or dividend?

No. XAUt distributes no yield, dividend, or staking reward to holders, and the token's return follows the gold price alone. Yield products quoted in XAUt come from third-party DeFi venues that use the token as collateral or a liquidity asset. Those returns belong to the third-party protocols, and they are separate from holding XAUt itself.

What determines the XAUt price?

One XAUt is designed to equal the market value of one troy ounce of gold, so the token price tracks international spot gold. Trading runs continuously across crypto venues, which keeps a price available outside traditional commodity market hours. Because the token follows bullion, its volatility and liquidity depth mirror the gold market rather than typical cryptocurrency dynamics.

How can I buy Tether Gold?

Per DropsTab data, XAUt trades on more than 50 spot markets across over 30 centralized exchanges, including Binance, Bybit, OKX, and KuCoin, with XAUT/USDT as the most common quote pair. Fiat quoting is available in USD, EUR, TRY, and KRW on several venues. Decentralized liquidity sits in dozens of Uniswap pools on Ethereum, mostly against USDT, USDC, WETH, and the competing token PAXG. Four perpetual futures markets on Binance Futures, Bybit, and MEXC add leveraged exposure.