Buy Tether Gold with Coinbase Wallet

Tether Gold can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$510.2M

Volume (24h)

$3.9M

Circulating supply

246.5K XAUt

All time high

$2,076.11

Price change (1h)

+0.5%

Price change (24h)

+1.52%

Price change (7d)

+3.62%

About Tether Gold

What Is Tether Gold (XAUT)?

Tether Gold (XAUT) is a digital asset formed by Tether Gold Commodities Limited, a product of the Tether ecosystem on the Ethereum blockchain. The platform aims to digitalize the value of gold using their native token XAUT. The asset seeks to give XAUT holders the ability to own digitally allocated gold in small, highly transferable sums with relatively low fees. By implementing the technology and functionality of the Tether network’s stablecoin to physical gold, the platform aims to mobilize the gold markets, significantly lowering the barriers to enable entry for non-institutional traders in the process.

As per the whitepaper, Tether’s introduction of a gold-backed product is a development in the advancement of currency. Since gold is more intricate than a traditional currency, the benefit of a gold-backed stablecoin is more significant than the traditionally backed currency. Tether Gold aims to provide users access to an asset with a scarcity basis and price stability parallel to gold, but with the transactional utility of a digital token.

Furthermore, the XAUT token is an ERC20 token, a token standard, which defines a common set of rules followed by tokens in the Ethereum ecosystem. Each XAUT token represents one troy fine ounce of London Good Delivery gold held in a vault in Switzerland. The token is capable of being fractionalized up to six decimal places. 

Additionally, when an on-chain transaction transfers the token to another on-chain address, the physical gold linked with the XAUT held at each address is reallocated by Tether Gold. This process is done on behalf of the token holders to minimize the number of physical gold bars associated with each address holding XAUT. This reallocation happens instantly so that each token could always represent ownership of physical gold on a particular gold bar.

History of Gold Tether (XAUT)

Tether formed the Tether Gold platform in January 2020. JL Van de Velde leads Tether as the CEO. The whitepaper was published on January 20, 2022.

News

Bitcoin Magazine • Dec 01, 23

Block's Decentralized Bitcoin Exchange tbDEX Goes Live In Africa

The protocol has already seen its first adoption by Yellow Card, Africa's leading cryptocurrency exchange.

Read more

News Article Image

CoinDesk • Dec 01, 23

Grayscale Setting Up for Bitcoin ETF Race by Hiring Industry Veteran from Invesco

Crypto asset manager Grayscale has hired former Invesco Head of Americas John Hoffman to lead its distribution and partnerships team, six weeks before a decision is set to come out on whether the company will be allowed to launch a spot bitcoin [BTC] exchange-traded-fund (ETF).

Read more

News Article Image

Bitcoin Magazine • Dec 01, 23

De Guevara Is Bitcoin Country’s Interim President As Bukele Steps Down To Run

President Bukele has received legal permission to step down and run for re-election, with an interim president appointed to finish the rest of his first term.

Read more

News Article Image

The Defiant • Dec 01, 23

Circle Says It ‘Does Not Bank’ Justin Sun

USDC issuer Circle says in a letter to US Senators that it doesn’t finance illegal actors.

Read more

News Article Image

DL News • Dec 01, 23

Grayscale taps Invesco ETF veteran as it preps to convert Bitcoin Trust

Digital asset manager Grayscale has hired Invesco's former head of US ETF business.

Read more

News Article Image

BeInCrypto • Dec 01, 23

TMNG Tokens Successfully Listed on MEXC Crypto Exchange

TMN Global proudly announces the successful listing of its native TMNG token on the MEXC crypto exchange, effective Dec. 1. This strategic partnership marks a significant milestone for TMN Global in the crypto space. EREA World AG partnered with Europäische Metallhandels (EMH) AG to develop a cry...

Read more

News Article Image

Related Assets

Tether Gold Calculator

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Tether Gold is on the rise this week.

The price of Tether Gold has risen by 3.62% in the past 7 days. The price increased by 1.52% in the last 24 hours. In just the past hour, the price grew by 0.50%. The current price is $2,069.76 per XAUt. Tether Gold is 0.31% below the all time high of $2,076.11.

The current circulating supply is 246,524 XAUt.

FAQ

What is the current price of Tether Gold?

We update our Tether Gold to USD currency in real-time. Get the live price of Tether Gold on Coinbase.

What is the market cap of Tether Gold?

The current market cap of Tether Gold is $510.23M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tether Gold?

The all-time high of Tether Gold is $2,076.11. This all-time high is highest price paid for Tether Gold since it was launched.

What is the 24 hour trading volume of Tether Gold?

Over the last 24 hours, the trading volume of Tether Gold is $3.91M.

What other assets are similar to Tether Gold?

Assets that have a similar market cap to Tether Gold include Rollbit Coin, Frax Share, Gas, and many others. To see a full list, see our comparable market cap assets.

How many Tether Gold are there?

The current circulating supply of Tether Gold is 247 thousand.

Can I buy Tether Gold on Coinbase?

Yes, Tether Gold is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy Tether Gold guide.

Discover ENS Profiles

Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.