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Tether Gold

Tether Gold priceXAUt

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Tether Gold price calculator

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XAUt
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USD
1 XAUt = 2,324.85 USD
Last updated 2024-04-25 14:33:46(UTC-0)

Tether Gold price live data summary

The live price of Tether Gold is $2,324.85 per (XAUt / USD) today with a current market cap of $573.13M USD. The 24-hour trading volume is $3.12M USD. XAUt to USD price is updated in real time. Tether Gold is +0.12% in the last 24 hours. It has a circulating supply of 246,524 .

What is the highest price of XAUt?

XAUt has an all-time high (ATH) of $2,429.79, recorded on 2024-04-12.

What is the lowest price of XAUt?

XAUt has an all-time low (ATL) of $1,408.88, recorded on 2020-03-20.

Tether Gold price performance in USD

24h7d30d90d1yAll-time
+0.12%-2.38%+6.50%+15.05%+16.05%+46.94%

Tether Gold price history in USD

TimeLowHigh
24h$2,311.27$2,337.99
7d$2,296.63$2,415.5
30d$2,175.64$2,429.79
90d$1,985.88$2,429.79
1y$1,816.99$2,429.79
All-time$1,408.88(2020-03-20, 4 years ago )$2,429.79(2024-04-12, 13 days ago )

Tether Gold market information

Market cap
$573,130,895.43
+0.12%
Fully diluted market cap
$573,130,895.43
+0.12%
Volume (24h)
$3,115,493.01
-7.50%
Market rankings
Circulation rate
+100.00%
24h volume / market cap
0.0054
Circulating supply
246,524 XAUt
Total supply / Max supply
246,524 XAUt
-- XAUt

Tether Gold ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Tether Gold Social Data

In the last 24 hours, the social media sentiment score for Tether Gold was 3, and the social media sentiment towards Tether Gold price trend was Bullish. The overall Tether Gold social media score was 0, which ranks 1127 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Tether Gold being mentioned with a frequency ratio of 0%, ranking 1043 among all cryptocurrencies.

In the last 24 hours, there were a total of 94 unique users discussing Tether Gold, with a total of Tether Gold mentions of 4. However, compared to the previous 24-hour period, the number of unique users decrease by 26%, and the total number of mentions has decrease by 83%.

On Twitter, there were a total of 0 tweets mentioning Tether Gold in the last 24 hours. Among them, 0% are bullish on Tether Gold, 0% are bearish on Tether Gold, and 100% are neutral on Tether Gold.

On Reddit, there were 0 posts mentioning Tether Gold in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Tether Gold. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#1127)
Social contributors(24h)
94
-26%
Social mentions(24h)
4(#1043)
-83%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Tether Gold(XAUt)

What is Tether Gold?

Created by Tether, a company well-known for its USD-pegged stablecoin USDT, Tether Gold is a stablecoin that is pegged to the value of physical gold. Launched in 2020, it aims to make gold—a traditional and well-respected asset—more accessible and convenient for both individual and institutional investors. The digital token is backed by actual gold bars stored in a secure Swiss vault under Tether's management. Unlike other digital assets that experience high volatility, Tether Gold offers a stable and reliable store of value, as each token is equivalent to one troy fine ounce of London Good Delivery gold. Currently, XAUT is available only on the Ethereum blockchain.

Resources

Official Documents: https://gold.tether.to/Tether%20Gold%20Whitepaper.pdf

Official Website: https://gold.tether.to/

How Does Tether Gold Work?

The mechanism that underpins Tether Gold is relatively straightforward. Each XAUT token is backed by one troy fine ounce of a London Good Delivery gold bar stored in a vault in Switzerland. These gold bars serve as collateral for the tokens, ensuring their value remains stable. Tokens can be fractionalized to six decimal places—up to 0.000001 troy fine ounces—making it possible to buy, sell, or trade smaller amounts of gold with ease.

One of the standout features of Tether Gold is that ownership of the token directly correlates to ownership of a specific gold bar in the Swiss vault. To enhance transparency, Tether is developing a tool that will allow users to ascertain exactly which gold bar corresponds to their XAUT token.

Moreover, Tether Gold offers other benefits, such as no custody or gas fees for users. The company also allows for the tokens to be redeemed for actual physical gold, which can be shipped to a designated address in Switzerland. Alternatively, the gold can be sold into USD, facilitated by Tether.

What is Tether Gold Token (XAUT)?

The Tether Gold token, XAUT, is the digital asset representing ownership of the physical gold in the Swiss vault. Like other tokens built on the Ethereum blockchain, XAUT can be sent, received, and stored in any Ethereum-compatible wallet. Given its unique properties and strong backing by physical gold, XAUT serves as both an investment tool and a stable medium of exchange.

Which Factors Affect Tether Gold Token (XAUT) Price?

While XAUT is designed to be stable and tied to the value of gold, several factors can influence its price:

- Gold Market Conditions: The most obvious factor is the price of physical gold itself. Fluctuations in gold prices will directly affect XAUT’s value.

- Demand and Supply: Like any other asset, the law of supply and demand applies. An increase in demand for XAUT without a corresponding increase in supply could lead to a premium over the gold spot price.

- Regulatory Changes: Legal frameworks around stablecoins and asset-backed tokens can influence investor confidence and, subsequently, the price of XAUT.

- General Economic Conditions: Economic stability or turmoil can influence the allure of gold as a safe-haven asset, which in turn could affect XAUT’s demand and price.

Tether Gold's Impact on Finance

Tether Gold (XAUT) represents a groundbreaking convergence of traditional finance and emerging blockchain technology, creating far-reaching implications for the financial landscape. By tokenizing physical gold, Tether Gold democratizes access to this precious asset, allowing for fractional ownership and eliminating barriers like high transaction costs and cumbersome storage logistics that have traditionally discouraged smaller investors from venturing into gold investment. Furthermore, the transparency and security afforded by blockchain technology amplify investor trust, making XAUT a viable and attractive option for portfolio diversification. In essence, Tether Gold serves as a bridge between conventional and digital assets, enhancing the inclusivity and flexibility of modern finance.

Conclusion

In conclusion, Tether Gold (XAUT) revolutionizes gold investment by combining the stability of traditional assets with the convenience and transparency of blockchain technology. It lowers entry barriers, offering a practical, secure, and innovative option for portfolio diversification. Its impact extends beyond mere investment convenience, shaping the broader financial landscape by merging the best elements of traditional and digital finance.

How to buy Tether Gold (XAUt)

Buying Tether Gold on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Tether Gold (XAUt) .

Trade XAUt perpetual futures

After having successfully signed up on Bitget and purchased USDT or XAUt tokens, you can start trading derivatives, including XAUt futures and margin trading to increase your income.

The current price of XAUt is $2,324.85, with a 24h price change of +0.12%. Traders can profit by either going long or short onXAUt futures.

Join XAUt copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or XAUt tokens, you can also start copy trading by following elite traders.

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People are also inquiring about the price of Tether Gold.

What is the current price of Tether Gold?

We update our Tether Gold to USD price in real time. Get the live Price of Tether Gold on Bitget.

What is the 24 hour trading volume of Tether Gold?

Over the last 24 hours, the trading volume of Tether Gold is $3.12M.

What is the all-time high of Tether Gold?

The all-time high of Tether Gold is $2,429.79. This all-time high is highest price for Tether Gold since it was launched.

Can I buy Tether Gold on Bitget?

Yes, Tether Gold is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Tether Gold guide.

Can I get a steady income from investing in Tether Gold?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Tether Gold with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is Tether Gold a good investment?

Tether gold have benefits that can be considered good qualities for an investment: Tether Gold tokens represent direct ownership rights to specific gold bars, complete with distinct serial numbers, purity, and weight. This allows XAU₮ holders to verify the gold bars linked to their tokens with ease. Embracing blockchain-based physical assets like Tether Gold fuses the advantages of both tangible and digital assets. By owning XAU₮, one can relish the benefits of gold ownership without its typical challenges, such as steep storage fees or restricted access. One distinct perk is the round-the-clock availability of the digital token. Even when traditional gold markets are closed, Tether Gold tokens can be traded any day, anytime. Additionally, these tokens can be conveniently redeemed for either physical gold or USD.

How does Tether Gold work?

Tether Gold (XAU₮) bridges the gap between tangible and digital assets by offering its holders a digital representation of physical gold. Introduced in 2020 by TG Commodities Limited, Tether Gold is a stablecoin that represents ownership of one troy ounce of LBMA-standard gold. This innovation grants the stability of owning physical gold without its common inconveniences, like steep storage fees and restricted access. Importantly, XAU₮ tokens are divisible, allowing transactions as minute as 0.000001 troy fine ounce.

What is the difference between Tether, Tether tokens, Tether Gold and a Tether Gold token (XAUT)?

Tether, established in 2014, is a blockchain platform that digitizes fiat currencies, aiming to modernize traditional finance. It offers stablecoins that are backed 1-to-1 by corresponding fiat reserves, such as 1 USD₮ equating to 1 USD, providing a stable value amidst market fluctuations. These include: USD-pegged Tether (USDT) EUR-pegged Tether (EURT) CNH-pegged Tether (CNHT) MXN-pegged Tether (MXNT) Further, Tether Gold is a unique offering where each XAUT token, provided by TG Commodities Limited, symbolizes ownership of one troy ounce of LBMA-standard gold. A minimum of 50 XAU₮ (or 50 troy ounces) is required for direct purchases from TG Commodities, though it's also accessible on various trading platforms.

How do I get Tether Gold (XAUT)?

Buying XAUT on Bitget is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple!

Is Tether Gold an erc-20 token?

While USDT is available on multiple blockchains, currently XAUT is only available as an ERC-20 token.

How safe is Tether Gold?

XAUT is backed by physical gold reserves held in a secure Swiss vault, providing more excellent stability than other cryptocurrencies. However, XAUT carries risks like all investments, and investors should carefully consider these risks before investing.
Cryptocurrency investments, including buying Tether Gold online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Tether Gold, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Tether Gold purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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XAUt is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support XAUt trades.
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