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Market

Market stats

Market cap

$505.5M

Volume (24h)

$3.9M

Circulating supply

246.5K XAUt

All time high

$2,111.11

Price change (1h)

-0.04%

Price change (24h)

+0.11%

Price change (7d)

+1.02%

About Tether Gold

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.

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Tether Gold is on the rise this week.

The price of Tether Gold has decreased by 0.04% in the last hour and increased by 0.11% in the past 24 hours. Tether Gold’s price has also risen by 1.02% in the past week. The current price is $2,050.19 per XAUt with a 24-hour trading volume of $3.91M. Currently, Tether Gold is valued at 2.89% below its all time high of $2,111.11. This all-time high was the highest price paid for Tether Gold since its launch.

The current circulating supply of Tether Gold is 246,524 XAUt which means that Tether Gold has as total market cap of 246,524.

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 $505.46M. 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 $2,111.11. 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 Zetachain, SuperVerse, Trust Wallet Token, 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.

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