How do I trade gold tethering?

Use your ETH to buy Tether Gold in the trade tab . Then tap on the “Trade” tab, where you can swap ETH for any token that runs on the Ethereum standard (called “ERC-20 tokens”). Tap “choose coin” and select Tether Gold. Input the amount of ETH you’d like to exchange for Tether Gold.

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Is Tether gold real?

Tether Gold (XAUt) is a digital asset offered by TG Commodities Limited . One XAUt token represents one troy fine ounce of gold on a London Good Delivery gold bar. XAUt tokens will be capable of being fractionalized up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

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Can Tether be trusted?

Tether (USDT) is the most valuable stabelcoin in the world, sporting a market capitalization of $69 billion, more than double the value of USD Coin (USDC), the next largest coin. In order to assure buyers that it is trustworthy , Tether claimed it had cash reserves equal in value to the stablecoins it issued.

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Is Tether a con?

Tether Limited and the Tether cryptocurrency are controversial because of the company’s alleged role in manipulating the price of Bitcoin, an unclear relationship with the Bitfinex exchange, and the company’s failure to provide a promised audit showing adequate reserves backing the Tether token.

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What is gold tethering?

Tether Gold is a stablecoin , and one ERC-20 token XAUT is equal to one troy ounce (31.1 grams) of gold on the Ethereum blockchain. A TRC20 token is the equivalent on the TRON blockchain. Actual gold bars are associated with each address on the blockchain that holds Tether Gold.

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How many Tether coins are there?

Currently, there are a total of five distinct Tether tokens: United States dollar tether on Bitcoin’s Omni layer, euro tether on Bitcoin’s Omni layer, United States dollar tether as an ERC-20 token, and euro tether as an ERC-20 token, and added in 2020 United States dollar tether as an TRC-20 token on the TRON network.

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