How does Tether gold work?

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.

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.