What is USDT (Tether)? A guide to Tether's stablecoin
Learn more about Tether (USDT), the crypto market's oldest and most widely used stablecoin, created and issued by Tether Limited.
XAUt Price (Tether Gold)
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Tether Gold Price Live Data
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About Tether Gold (XAUT)
Tether Gold (XAUt) is a digital token backed by physical gold. XAUt is issued by Tether, the same company behind the popular stablecoin USDT. According to Tether, each XAUt token represents one troy ounce of gold stored with a custodian in Swiss vaults. Unlike traditional gold investments that can be illiquid or cumbersome to transfer, XAUt enables digital trading, ownership, and transfer via blockchain technology.
XAUT Price History
While XAUt is backed by physical gold, its price is directly tied to the spot price of gold in international markets. Here’s a quick glance at XAUt’s historical performance:
Launch (2020)
Tether Gold was launched in January 2020 when gold traded around $1,550 per ounce.
Pandemic Peak (2020-2021)
During global economic uncertainty, gold soared, and so did XAUt—reaching over $2,000 per ounce in August 2020.
Recent Trends (2022-2024)
XAUt’s price has mirrored gold’s fluctuations, ranging between $1,600 and $2,700, depending on macroeconomic factors like interest rates, inflation, and geopolitical tensions.
2025 Outlook
With rising interest in commodity-backed tokens, XAUt continues to gain traction among both crypto enthusiasts and traditional investors. Its price throughout 2025 has steadily increased, beginning the year at $2,630 and hitting close to $3,350 in April.
How does Tether Gold work?
Tether Gold operates on the Ethereum blockchain as an ERC-20 token. This makes it accessible on most major wallets and decentralized platforms.
Key mechanics behind XAUt include:
- 1 XAUt = 1 troy ounce of gold (approximately 31.1 grams)
- Tether states the gold is stored in professional-grade Swiss vaults, owned and maintained by Tether’s affiliated custodian.
- Token holders can verify the serial number and ownership of the gold bars tied to their tokens via Tether’s platform.
- Users can trade XAUt on crypto exchanges or redeem XAUt for physical gold (minimum redemption amounts, delivery restrictions, and fees apply).
The process aims to ensure a transparent, secure, and efficient bridge between physical gold ownership and digital asset usability.
Tether Gold vs Traditional Gold Investments
Tether Gold differs from traditional gold and gold ETFs in several ways:
Feature | Tether Gold (XAUt) | Physical Gold | Gold ETFs |
Divisibility | High (up to fractions of an ounce) | Low | Medium |
Storage | Custody in Swiss vaults | Requires personal or third-party storage | Held by ETF providers |
Liquidity | 24/7 trading on crypto markets | Limited to market hours | Market hours only |
Transferability | Instant via blockchain | Manual, physical transfer | Brokerage transfers |
Ownership | Digital token backed by allocated gold | Direct physical ownership | No direct gold claim |
Tether Gold blends the characteristics of physical gold and digital finance, making it a truly hybrid solution for modern investors.
Who created XAUT?
Tether Gold was developed by Tether Limited, the same company that pioneered the world’s most widely-traded stablecoin—USDT. Tether operates under the umbrella of iFinex Inc., which also owns the crypto exchange Bitfinex.
Tether’s aim in creating XAUt was to offer a digitally native form of gold ownership, solving problems like:
- The lack of divisibility in traditional gold assets
- High storage and transfer costs
- Limited liquidity and global accessibility
What is XAUT (Tether Gold) used for?
Tether Gold offers a variety of compelling use cases:
- Diversification Tool: Investors can add XAUt to their crypto portfolios to diversify holdings and reduce overall volatility.
- Collateral in DeFi: XAUt can be used as collateral in decentralized finance protocols for borrowing or staking.
- Cross-border Transfers: With relatively low blockchain transaction fees, users can send tokenized gold across borders instantly—something not possible with physical bullion.
- Alternative to Traditional Gold ETFs: Unlike ETFs, which merely track gold prices, XAUt holders have a direct claim on physical gold, combining ownership with liquidity.
Is XAUt Secure?
Security is a top priority for Tether Gold. Here's how it attempts to maintain trust and safety:
Physical Backing
Tether states each token is backed by fully allocated gold bars stored in Swiss vaults with strict security protocols.
Transparency
Users can check gold bar details, allocation, and proof of reserves through Tether’s platform.
Smart Contract Security
As an ERC-20 token, XAUt benefits from robust security of the Ethereum blockchain, with regular audits to prevent smart contract vulnerabilities and other security issues.
Redemption
Tether offers a redemption mechanism, giving holders the option to convert tokens into physical gold, subject to some conditions.
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More FAQs about XAUt (Tether Gold)
The price of Tether Gold (XAUt) is pegged to the spot price of one troy ounce of physical gold. It reflects the current global market value of gold and fluctuates in real time based on factors such as inflation, interest rates, geopolitical events, and demand for safe-haven assets.
All-Time High (ATH): XAUt reached its all-time high of approximately $3,529.19 USD in April 2025, coinciding with a surge in gold prices amid global uncertainty. All-Time Low (ATL): The all-time low for XAUt was around $1,450 USD, shortly after its launch in early 2020, when gold prices were lower.
As of now, there are approximately 246,500 XAUt tokens in circulation, which represents around 246,500 troy ounces of physical gold. The total supply can vary depending on investor demand and how much gold is held in custody to back new tokens. All issuance and backing can be verified via Tether’s transparency page, which provides regular updates on supply and gold reserves.
You can buy XAUt directly via MoonPay or through one of our many partner wallets. MoonPay's simple widget makes it easy to buy XAUT with a credit or debit card, bank transfer, Apple Pay, Google Pay, and more payment methods. You can also top up your wallet in euros, pounds, or dollars and use your MoonPay Balance to purchase crypto like Tether Gold. Once funded, use your balance for faster, cheaper transactions with higher approval rates.
