How does Tether gold make money?

Tether is a cryptocurrency that is pegged to a given fiat currency, for example, the USD, as well as physical assets such as gold. Tether makes money from various fees, by issuing loans to other institutions, as well as through investments .

Tether Gold (Gold) is a digital asset offered by TG Commodities Limited. One full XAUt token represents one troy fine ounce of gold on a London Good Delivery bar . The XAUt token can be transferred to any on-chain address from the purchasers’ Tether wallet where it is issued after purchase.

Is Tether Gold Earning App is Safe? No, it is not .

How to buy Tether Gold

Tether will charge no custody fees and “has direct control over the physical gold storage.” “Tether Gold provides the combined benefits of both physical and digital assets, removing the drawbacks of holding gold in more traditional ways, such as high storage costs and restricted access,” said Tether CTO Paolo Ardoino.

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.

“Furthermore, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault , adopting best-in-class security and anti-threat measures.