What is Tether Gold (XAUt)?

Tether Gold is a crypto token that represents physical gold. Each XAUt equals one troy ounce of London Good Delivery gold stored in Swiss vaults. You’re not buying a synthetic exposure or a paper claim—it’s real bullion, just wrapped in blockchain infrastructure.

Why would someone use XAUt instead of gold ETFs or bars?

Control and portability, mostly. XAUt trades 24/7, can be self-custodied, and moves globally without paperwork or vault logistics. ETFs settle on market hours, and physical gold is even slower. Same asset, fewer frictions.

How does the XAUt supply work?

There’s no fixed supply cap. Tokens are minted when new gold is purchased and burned when gold is redeemed. Supply simply tracks demand for physical gold. No emissions, no inflation curve, no token engineering.

Is there a team or investor allocation behind the token?

No—and that’s an important distinction. XAUt isn’t a startup coin. There are no team reserves, VC allocations, or incentive tranches. Every token exists only because an equivalent amount of gold was acquired.

Should holders worry about vesting schedules or unlocks?

Not here. XAUt has no cliffs, no unlock calendars, and no release events. Supply changes only when gold enters or exits the system. If you’re used to tracking unlock risk, this one is intentionally dull.

Who issues and funds Tether Gold?

XAUt is issued by a Tether subsidiary and funded internally. There was no ICO, IDO, or venture round. Gold purchases and ongoing operations are backed by Tether’s balance sheet rather than outside investors.

Where does XAUt actually trade?

Liquidity is concentrated in XAUt/usdt pairs on major centralized exchanges, with additional trading against usd, usdc, btc, and krw. There’s also on-chain liquidity on Uniswap v3, mainly supporting arbitrage and DeFi use cases.

What do people realistically use XAUt for?

Mostly as a store-of-value coin. Some holders use it as DeFi collateral, others for cross-border transfers, and institutions increasingly treat it as a digital gold treasury asset. It’s not designed for hype trading—and that’s deliberate.

What are the main risks to understand?

Counterparty and regulation are the big ones. You rely on the issuer and custodians, and access varies by jurisdiction. As with all crypto assets, there’s also smart-contract risk, network risk, and permanent loss if private keys are mishandled.