Get up to $200 for getting started
Coinbase Logo
Sign in
Tether Gold logo

Tether Gold

XAUT

Price
$1,654.63
9/29/2022, 5:24:55 PM
diamondHands

Keep an eye on Tether Gold

Get instant alerts for major price changes.

Market

Market stats

Market cap

$408.0M

Volume (24h)

$263,312.55

Circulating supply

246.5K XAUT

All time high

$2,076.11

Price change (1h)

-0.19%

Price change (24h)

+0.12%

Price change (7d)

-0.91%

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Tether Gold is on the decline this week.

The price of Tether Gold has fallen by 0.91% in the past 7 days. The price increased by 0.12% in the last 24 hours. In just the past hour, the price shrunk by 0.19%. The current price is $1,654.633433 per XAUT. Tether Gold is 20.30% below the all time high of $2,076.113176.

The current circulating supply is 246,524 XAUT.

About

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.

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Tether Gold in market cap.

FAQ

What is the current price of Tether Gold?

The price of 1 Tether Gold currently costs $1,654.63.

What is the market cap of Tether Gold?

The current market cap of Tether Gold is $407.98M. 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 $263.31K.

What other assets are similar to Tether Gold?

Assets that have a similar market cap to Tether Gold include Zilliqa, GensoKishi Metaverse, Mina, 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.

Coinbase Bytes

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

Coinbase Bytes article