Draft:Tether Gold
 | Draft article not currently submitted for review.
This is a draft Articles for creation (AfC) submission. It is not currently pending review. While there are no deadlines, abandoned drafts may be deleted after six months. To edit the draft click on the "Edit" tab at the top of the window. To be accepted, a draft should:
It is strongly discouraged to write about yourself, your business or employer. If you do so, you must declare it. This draft has not been edited in over six months and qualifies to be deleted per CSD G13.
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
Last edited by Qwerfjkl (bot) (talk | contribs) 6 months ago. (Update) |
 | |
| Denominations | |
|---|---|
| Code | XAUₜ |
| Precision | 6 decimal places |
| Development | |
| Original author(s) | Tether Operations Limited |
| White paper | https://gold.tether.to/Tether%20Gold%20Whitepaper.pdf |
| Implementation(s) | Ethereum (ERC-20) Tron (TRC-20) |
| Initial release | 1.0 / January 23, 2020 |
| Development status | Active |
| Source model | Proprietary |
| Ledger | |
| Ledger start | January 23, 2020 |
| Timestamping scheme | PoS, DPoS. |
| Hash function | SHA-256 |
| Valuation | |
| Exchange rate | US$2648,72 (December 2024) |
| Website | |
| Website | https://gold.tether.to/ |
Tether Gold (XAUt) is a stablecoin protocol backed by physical gold, introduced by TG Commodities Limited[1], a subsidiary of the USDT issuer Tether Limited[2] in January 2020. One ERC-20 token XAUT is equal to one troy ounce (31.1 grams) of gold.[3] The token aims to combine the advantages of blockchain technology with the stability and intrinsic value of gold. Tether Gold is issued as an ERC-20 token on the Ethereum blockchain and as a TRC-20 token on the Tron blockchain.[4] Token holders are granted full ownership of the allocated gold corresponding to their tokens, which can be verified via a unique serial number assigned to the respective gold bar. This verification is accessible through Tether’s platform.[5][6][7] The founders of XAUt are the same as the founders of Tether Limited: Brock Pierce, Reeve Collins and Craig Sellars.[8]
Key Features
- Asset-backed: XAUt tokens are backed by allocated physical gold, audited and stored in Switzerland.
- Accessibility: Investors can acquire XAUt tokens without the need to physically handle or store gold.
- Security: Ownership and transfer are via blockchain technology.
- Redeemability: Holders with a minimum of one full token can redeem their tokens for physical gold or fiat currency.[9][10]
See Also
References
- ^ Martin, Daniel. "Investing in Tether Gold (XAUt) – Everything You Need to Know". Securities.io.
- ^ "About Tether Gold (XAUT)". Kraken.
- ^ "Tether Gold". PC Magazine.
- ^ "Tether Gold Price & News". Forbes.
- ^ "Gold Made Easy". Tether Gold.
{{cite web}}: CS1 maint: url-status (link) - ^ "A Beginner's Guide to Tether Gold (XAUt)". VALR.
- ^ "Tether Gold (XAUt): Secure Digital Gold Ownership". Bybit Learn.
- ^ "What is Tether Gold (XUAT)?". Icrypex. Who are the Founders of XAUt?.
- ^ "Key information about Tether Gold". The Big Whale.
- ^ "Tether Gold - A Digital Token Backed by Physical Gold" (PDF). Tether Gold Whitepaper.