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) is a digital asset backed by physical gold, offering a blockchain-based way to buy, hold, and transfer gold ownership. Here are the key aspects of how it is used:
Digital Ownership: Each XAUT token represents indirect ownership of 1 troy ounce of gold stored in secure vaults in Switzerland. The gold is identifiable by unique serial numbers, purity, mass, and other details, which are accessible to token holders.
Token Transferability: XAUT tokens can be transferred to any on-chain address, allowing for the digital ownership of gold to be easily moved and traded.
Redemption: Holders can redeem their XAUT tokens for physical gold, which can be delivered to any address in Switzerland, or opt for Tether Gold to sell the gold in the Swiss market.
Fractionalization: XAUT tokens can be fractionalized up to six decimal places, enhancing accessibility and flexibility for investors.
Real-Time Reallocation: When tokens are transferred, the physical gold associated with them is reallocated in real-time to ensure each token consistently represents a share of a specific gold bar.
Security: Tether Gold tokens are stored in digital wallets and are secured by multiple levels of protection, including the keys to the Swiss gold vaults held by Tether.
Trading: XAUT tokens can be traded on various exchanges, such as Kraken and KuCoin, allowing investors to buy and sell digital gold easily.
Use Cases: Tether Gold presents innovative use cases by combining the benefits of a gold-pegged stablecoin, offering a reliable and accessible means to diversify portfolios and hedge against market volatility.
To store Tether Gold (XAUT) tokens, you can use a variety of secure and user-friendly wallets. Here are some options:
Ledger Hardware Wallet:
- Ledger Nano S Plus: Suitable for beginners, offering a secure and easy-to-use option.
- Ledger Nano X: Provides a Bluetooth connection for added convenience.
- Ledger Live App: Manage your Tether Gold on the go, track your balance, and access thousands of other cryptocurrencies and NFTs.
Trust Wallet:
- Adding Tether Gold:
- Open the Trust Wallet app.
- Tap on the token icon and search for "Tether Gold."
- If not listed, add it as a custom token by selecting the Ethereum network and inputting the contract address "0x4922a015c4407f87432b179bb209e125432e4a2a".
- Adding Tether Gold:
Guarda Wallet:
- Multi-Currency Support: Store and manage Tether Gold along with over 400,000 other tokens.
- Security Features: Non-custodial, fingerprint authorization, PIN code, and backup file protection.
- Accessibility: Available on desktop, mobile, and online platforms.
These wallets provide a secure and user-friendly environment to store and manage your Tether Gold tokens.
To buy Tether Gold (XAUT) tokens, follow these steps:
Choose an Exchange: Find a reliable centralized exchange that lists Tether Gold, such as Binance or MEXC. You can also use decentralized exchanges (DEXs) like 1inch.
Create an Account: Register and verify your account on the chosen exchange. This typically involves providing photo identification and setting up a means of payment.
Deposit Funds: Deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Be aware of any fees associated with these methods.
Buy Tether Gold: Use your deposited funds to buy Tether Gold. This can be done through an instant buy feature or by setting your own price on the spot market.
Secure Your Tokens: Consider transferring your XAUT tokens to a personal crypto wallet for added security.
Additionally, you can use a crypto wallet like Trust Wallet to connect to a DEX and trade your ETH for Tether Gold.
