What is Tether gold coin?

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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Is Tether gold safe?

“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.

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