Tether Gold (XAUT)

Tether Gold (XAUT) is a gold-backed cryptocurrency introduced in 2020. Each token represents one troy ounce of physical gold stored securely in a vault in Switzerland. Created by Tether, the issuer of the USDT stablecoin, XAUT functions as a digital claim ticket for actual gold bars. Ownership allows holders to transfer assets globally within minutes via a mobile device. The token operates on a blockchain, a shared digital ledger that records transactions without allowing secret alterations. When users ask what XAUT is, the answer is digital gold. The price of the token tracks the live market value of gold because every unit is backed by a specific, identifiable bar. The mechanism involves Tether purchasing physical gold and minting corresponding tokens. Users can buy, hold, and send these tokens similarly to standard cryptocurrencies. This structure provides a way to hold precious metals digitally while maintaining a direct link to physical reserves held in a secure location.