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Tether Gold (XAUT) is a commodity-backed digital token issued by TG Commodities Limited, a subsidiary of Tether Limited — the company behind the world’s largest stablecoin, USDT. The token was developed to address demand for a digital asset backed by a physical commodity with a multi-millennial track record of value preservation, merging the scarcity and store-of-value properties of gold with the liquidity and portability of digital assets. The founders of Tether Gold are Brock Pierce, Reeve Collins, and Craig Sellars — the same team behind USDT.
Tether Gold launched in January 2020, developed by the same team behind USDT, leveraging their expertise in maintaining asset pegs and managing large-scale reserves.
Each XAUT token represents one fine troy ounce of gold stored in London Good Delivery bars in Swiss vaults. XAUT is available as an ERC-20 token on Ethereum and a TRC-20 token on TRON, allowing users to hold and transfer ownership of gold digitally. A unique feature of Tether Gold is individual allocation — specific gold bars are assigned to the on-chain addresses of holders. Each fine troy ounce can be identified by a unique serial number, weight, and purity, which users can verify through Tether’s official lookup tools. The token is divisible to six decimal places, allowing users to purchase and transfer as little as 0.000001 fine troy ounces. To maintain trust, Tether works with independent auditors such as BDO Italia, who verify that the total circulating supply of XAUT tokens exactly matches the amount of physical gold held in custody. Verified users who meet minimum requirements (typically 50 XAUT) can request physical redemption for gold delivery in Switzerland.
