What is Tether Gold (XAUT)?
Tether Gold, written XAU₮ by its issuer, is a gold-backed token from the group behind USDT, launched in January 2020. It is issued by TG Commodities, S.A. de C.V., which moved its domicile from the British Virgin Islands to El Salvador in January 2025 and is authorised there as a stablecoin issuer.
- Type
- Gold-backed token (ERC-20)
- Launched
- 2020
- Consensus
- Runs on Ethereum
- Max supply
- No fixed cap (1 token = 1 troy ounce of gold)
- Swap network
- Ethereum
How Tether Gold works
Each token is an undivided interest in one fine troy ounce of gold on London Good Delivery bars, the LBMA standard, held by a custodian in Switzerland. Holders with a verified Tether Gold account can redeem whole bars, which usually means depositing about 430 tokens, and then take delivery in Switzerland or have the bar sold through a broker.
What XAUT is used for
XAUT gives on-chain exposure to the gold price without storing metal yourself. People hold it as a hedge or store of value, move gold value across borders in minutes, and trade it on exchanges against stablecoins and crypto.
XAUT supply
There is no fixed cap. Tokens are issued when customers buy XAUT from Tether Gold and removed when holders redeem for gold, so supply follows the ounces held in reserve.
Before you swap XAUT
XAUT tracks the price of gold, not the US dollar, so its value moves with the metal. This listing is the ERC-20 on Ethereum with 6 decimals, so keep ETH for gas. The issuer can block addresses at the contract level, and physical redemption is only possible through a verified Tether Gold account.