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XAUT

Tether Gold (XAUT) Price Index

$ 2,119.66 Ƀ 0.03095189
  • MarketCap
    $ 520,502,672
  • Volume
    $ 15,773,834
  • Change
    1.98%
tether-goldTether Gold
$ 2,119.66
$ 2,119.66
1.98%
1.954,48
XAUT
Tether Gold (XAUT)
$ 2,119.66
XAUT
Tether Gold (XAUT)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on May 02, 2023 | 5 min
Updated on Dec 28, 2023

Overview: What is Tether Gold (XAUT)?

Tether Gold, represented by the symbol XAUT, is a stablecoin token issued by Tether, one of the leading names in the stablecoin market. Backed by physical gold reserves, Tether Gold combines the stability of gold with the convenience and accessibility of digital assets. For each XAUT token in circulation, there is an equivalent amount of one troy ounce of gold stored in a secure vault. This ensures that Tether Gold is backed by a tangible asset, offering stability and security to investors and users. This innovative coin is part of the broader Tether ecosystem, which includes popular stablecoins like USDT (Tether). Tether Gold is designed to provide a digital representation of physical gold, making it a fascinating addition to the world of digital currencies.

 

Who is the Founder of Tether Gold? 

Tether Gold is associated with Tether Limited, a company known for its efforts in providing stablecoins and digital assets. The exact individuals or group behind Tether Limited have maintained a degree of anonymity, but their contribution to the cryptocurrency space is widely recognized.

 

What Makes Tether Gold Coin Unique?

Tether Gold’s uniqueness stems from its backing by physical gold. Unlike many other cryptocurrencies, which derive their value from speculative factors, Tether Gold’s value is intrinsically tied to the precious metal. This makes Tether Gold Coin an attractive option for investors seeking to combine the advantages of digital assets with the security and stability of gold.

 

What is XAUT Used For?

Tether Gold (XAUT) serves multiple purposes within the cryptocurrency ecosystem. It can be used as a store of value, much like physical gold, and provides a way for users to hedge against market volatility. Additionally, XAUT can facilitate cross-border transactions and serve as a means of diversifying an investment portfolio.

 

How Does Tether Gold  (XAUT) Work?

Tether Gold operates on the Ethereum blockchain, utilizing the ERC-20 standard for its tokens. Each XAUT token is backed by one troy ounce of physical gold, which is securely stored in a vault. Users can purchase, trade, and transfer XAUT just like any other cryptocurrency, but its value remains tied to the price of gold.

 

How Is the Tether Gold Price Determined?

The price of Tether Gold (XAUT) is primarily determined by the prevailing market price of gold. XAUT tokens are always redeemable for the equivalent amount of physical gold, so their value closely tracks the real-time market price of gold. This stability is a key feature that sets Tether Gold apart from other cryptocurrencies.

 

What Is the Tether Gold Coin(XAUT) Price Prediction for 2030?

It’s important to note that making precise price predictions for any cryptocurrency, including Tether Gold, can be highly speculative. The value of XAUT will continue to depend on various factors, including gold market dynamics, demand for digital gold-backed assets, and broader economic conditions. Across the board, analysts forecast a price increase for XAUT. However, the price projections range from as low as $5,000, to as high as $40,000, with most anticipating a climb to approximately $30,000 by 2030. However, it is advisable to approach such predictions with caution and conduct your own research.

 

How Is the Tether Gold Network Secured?

The Ethereum blockchain, which XAUT is built upon, provides a secure and transparent infrastructure for transactions. Tether Limited, as the issuer of XAUT, is responsible for the custody and security of the physical gold assets.

XAUT is available as an ERC20 token, and it is possible to redeem it for physical gold or USD fiat currency. XAUT owners can easily check the details of the gold associated with their wallet, since the allocated gold is identifiable with a unique serial number, purity, and weight.

 

Where Can You Buy Tether Gold (XAUT)?

Tether Gold (XAUT) can be acquired on various cryptocurrency exchanges. Some of the popular exchanges that list include Binance, Bitfinex, and Kraken. Users can create accounts on these platforms, deposit funds, and then trade XAUT. Additionally, you can explore decentralized exchanges (DEXs) that offer XAUT trading pairs.

 

How to Buy Tether Gold

To buy Tether Gold (XAUT), simply choose a cryptocurrency exchange that supports XAUT trading, create an account, deposit funds into your exchange wallet, either through fiat currency or other cryptocurrencies, and place an order to buy XAUT at your desired price. Once your order is executed, the XAUT tokens will be credited to your exchange wallet.

 

How Can You Store Tether Gold?

Storing Tether Gold (XAUT) involves ensuring the security and accessibility of your assets. You have several options for storage, including hardware wallets like Ledger or Trezor, which provide enhanced security by keeping your private keys offline, software wallets like MyEtherWallet or MetaMask if you prefer a digital wallet accessible via your computer or mobile device, and exchanges. While not recommended for long-term storage due to potential security risks, you can temporarily keep your XAUT on the exchange where you purchased it.

Some companies offer vault services specifically for storing precious metal-backed cryptocurrencies like XAUT. These services often include added security measures.

 

FAQ

Is Tether Gold a good investment?

Tether Gold can be seen as a stable and secure investment option due to its backing by physical gold. However, like any investment, it carries its own set of risks and should be considered in the context of your overall investment strategy.

What is the difference between Tether and Tether Gold?

Tether (USDT) is a stablecoin pegged to the US dollar, while Tether Gold (XAUT) is backed by physical gold. While both are part of the Tether ecosystem, they have different underlying assets and use cases.

What are the benefits of Tether Gold?

Tether Gold offers the benefits of digital assets while being backed by the stability and value of gold. It can serve as a hedge against market volatility and a means of diversifying a portfolio.

Can you stake Tether Gold?

Tether Gold does not support staking in the traditional sense, as it is primarily designed as a stable and secure store of value.

Is Tether Gold a stablecoin?

Yes, Tether Gold (XAUT) is a stablecoin because its value is directly tied to the price of physical gold, which tends to be relatively stable compared to other cryptocurrencies.

How do I invest in XAUT?

To invest in Tether Gold (XAUT), you can purchase it on cryptocurrency exchanges that offer XAUT trading pairs.

What is the Maximum Token Supply of XAUT?

The maximum token supply of Tether Gold (XAUT) is determined by the amount of physical gold held in reserve. Each XAUT token represents one troy ounce of gold.

How many Tether coins are left?

The total supply of Tether (USDT) can change over time as new tokens are minted or burned to maintain the 1:1 peg to the US dollar. You can check the current supply on Tether’s official website or a reliable cryptocurrency data provider.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
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