XAUT Binance

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).

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.

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.