Draft:Tether Gold
| Submission declined on 5 December 2024 by Tesleemah (talk). This submission is not suitable for Wikipedia. Please read "What Wikipedia is not" for more information.
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Comment: Seems like a promo, the notability of the coin is? Can't find any Tesleemah (talk) 10:58, 5 December 2024 (UTC)
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| 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
[edit]- 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
[edit]References
[edit]- ^ Martin, Daniel (5 June 2023). "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.
- ^ "A Beginner's Guide to Tether Gold (XAUt)". VALR.
- ^ "Tether Gold (XAUt): Secure Digital Gold Ownership". Bybit Learn.
- ^ "What is Tether Gold (XUAT)?". Icrypex. 7 August 2024. 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.
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