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Information about Tether Gold (XAUT)
Tether Gold (XAUT) is a digital asset structured as a stablecoin, pegged to the value of gold. Each XAUT token represents indirect ownership of one troy ounce of physical gold, stored in secure vaults. It combines the benefits of physical gold with the convenience and liquidity of digital assets, allowing holders to transact globally while avoiding traditional gold custody issues.
Tether Gold (XAUt) was first launched in 2020 with the aim of making gold investment accessible to everyone without the need for physical gold. Combining the advantages of traditional gold with the fast trading features of cryptocurrency, Tether Gold (XAUt) offers users a more convenient gold investment experience than ever before. Additionally, Tether Gold can also be used by investors as a hedge against inflation, similar to physical gold.
XAUT is a stablecoin operating on Ẹthereum according to ERC20 standard, and can be used to:
Specifications
News
Max Keiser believes that gold-backed stablecoins could overtake USD-pegged alternatives globally, as many countries, particularly Russia and China, trust gold more than the US dollar.
Keiser highlights that China and Russia collectively hold over 50,000 tonnes of gold, which may not be fully reported, and this strength in gold assets could reshape stablecoin dynamics.
In response to these developments, Tether is actively working with US lawmakers, highlighting the importance of regulations surrounding stablecoins to maintain the dominance of the US dollar.
Tether Gold (XAUT) has gained 14% as gold hits 3,040 USD, showcasing its appeal during economic turmoil.
The U.S. Dollar is experiencing inflation challenges, causing traders to seek refuge in assets like gold and Tether Gold, especially amid a 30% drop in the total crypto market cap.
The official launch of Tether Gold (XAUT) on UZX represents a key development, facilitating access to a gold-backed stablecoin for users. It appeals to those interested in incorporating secure, tangible assets into their digital portfolios.
XAUT reached 64,031,067 VNDC, changed 0.61% in the last 24 hours. Trading volume was $ 220.97k.
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