What is Tether Gold comes down to a tokenized gold asset: Tether Gold (XAUT) is designed to represent ownership of one fine troy ounce of physical gold meeting London Bullion Market Association Good Delivery standards. The gold is held in Swiss custodial vaults, while ownership records and transfers are handled on public blockchains.
How Tether Gold works
XAUT is issued on existing blockchain networks rather than operating its own blockchain. Its confirmed deployments include Ethereum, BNB Chain and The Open Network. On Ethereum, the token uses the ERC-20 standard, with the contract address 0x68749665ff8d2d112fa859aa293f07a622782f38. XAUT is divisible to six decimal places, allowing holdings as small as 0.000001 fine troy ounce.
The underlying gold does not move when tokens are transferred. Instead, the blockchain records a change in ownership linked to the holder’s wallet address. Tether Gold provides allocation information for the gold associated with an address, including bar details such as serial number, weight and purity.
XAUT is not a fiat-backed stablecoin. Its value generally follows gold prices, but its market price can also be affected by liquidity, exchange spreads, network costs and trading premiums or discounts. CoinStats recorded a price of $4,146.51 and a 24h change of -0.71% on 1 October 2026 at 00:49 UTC.
Who is behind Tether Gold and where is it based?
Tether Gold launched in 2020 and is issued by TG Commodities, S.A. de C.V. The company redomiciled from the British Virgin Islands to El Salvador on 27 January 2025. Its registered office is in San Salvador, and the company is identified as an issuer of digital assets and stablecoins under El Salvador’s regulatory framework.
Tether is the wider ecosystem associated with the product. Paolo Ardoino is confirmed as Tether’s chief executive, but the available sources do not identify him as the founder of XAUT. They also do not name a separate XAUT founding team or lead developer. The physical gold is held in Switzerland, while the issuer operates from El Salvador.
Tokenomics and supply
CoinStats reports a circulating supply of 808,995 XAUT and a total supply of 827,418 XAUT. The token has no mining process, staking rewards or fixed maximum supply stated in the reviewed documentation. Supply can increase when TG Commodities acquires and allocates additional gold, and it can decrease when eligible holders redeem tokens.
Direct purchases from the issuer require identity verification and have a minimum purchase amount of 50 XAUT. The stated purchase and redemption fee is 0.25%, while on-chain transfers do not carry a Tether Gold fee, although network gas charges still apply. Physical redemption is generally handled in quantities linked to the size of a London Good Delivery bar.
Security and use cases
Ethereum, BNB Chain and TON provide the consensus and transaction security for their respective XAUT deployments. The asset also depends on centralized controls, including issuer administration, custody arrangements, reserve reporting, private keys and redemption procedures. This creates a dual security model combining blockchain infrastructure with off-chain gold custody.
XAUT is used for digital gold ownership, portfolio diversification, cross-border transfer, exchange trading and collateral applications. Its multichain availability also supports potential lending, liquidity and decentralized-finance integrations. Compared with physical bullion, XAUT is divisible and transferable through a wallet without transporting or personally storing gold.
Partnerships and development
Key developments include the TON launch in May 2025 using LayerZero’s omnichain standard, BNB Chain availability announced on 26 March 2026, and exchange integrations involving Bitfinex, BTSE, BigONE, Gate.io, HashKey Exchange, Maxbit and Mobee. Ledn announced support for holding and trading XAUT in June 2026, with planned gold-backed borrowing functionality.
Tether has also expanded XAUT into wallet, payment and institutional initiatives through WDK, Rumble Wallet, Fasset’s gold-backed card and a Shiga self-custody collaboration. The project’s roadmap is centered on multichain liquidity, exchange distribution, custody, reserve reporting and real-world financial applications rather than frequent changes to an independent blockchain protocol.
CoinStats lists a market cap of $3.35B (rank #48), 24h volume of $306.50M, and an all-time high of $5,504.62, the current price is 24.67% below it.