Swap XAUt at the Best Rate

What is XAUt?

XAUt puts allocated gold ownership on-chain. Each whole token corresponds to one fine troy ounce on a specific numbered bar meeting the London Bullion Market Association's Good Delivery standard, and a look-up page maps any holding address to the serial numbers, weight and purity of its bars. The gold belongs to the token holders, not to the issuer.

Tether launched the product in January 2020 on Ethereum, where the contract uses six decimals, so ownership can be sliced to a millionth of an ounce. It is the gold twin of the company's dollar token: the same issuance model, applied to bullion instead of cash.

How XAUt works

Only customers who pass the issuer's verification can mint or redeem directly, through the primary market at app.tether.to. The minimum purchase is 50 XAUt, redemptions are made in increments of whole bars, and a one-time verification fee of 150 USDT applies, credited back for use on redemption. Everyone else buys and sells XAUt on exchanges and on-chain venues.

When tokens change hands, the issuer reallocates which bars back which addresses so each address keeps mapping to specific gold. Supply rises when new metal is tokenized and falls when bars are redeemed, and the transparency page publishes the running total.

XAUt supply and tokenomics

There is no cap and no schedule: issuance follows demand for tokenized gold. The attestation as of 31 December 2025 reported 520,089.35 fine troy ounces held against 520,089.3 XAUt in circulation; by 31 March 2026 that had grown to 707,747.139 ounces backing 707,747.09 tokens, all vaulted in Switzerland. Each report is an independent accountant's opinion on a single date.

Who builds XAUt

The issuer is TG Commodities, S.A. de C.V., an El Salvador company in the Tether group that took over from the original British Virgin Islands entity in January 2025. It operates as a registered stablecoin issuer and digital asset service provider under El Salvador's Digital Asset Issuance Law, and the group publishes the quarterly reserve attestations on the Tether Gold site.

How XAUt is governed

There is no token-holder governance and no DAO. The issuer sets the terms of purchase, redemption, fees and custody arrangements, and can change them; what holders own is the gold claim those terms define. On-chain, XAUt behaves as a plain ERC-20.

XAUt risks and considerations

XAUt is a claim serviced by one company. Redemption requires verification, a Swiss delivery arrangement and whole-bar increments, so small holders realistically exit through the market rather than the vault. Attestations are quarterly snapshots rather than continuous audits, and holders rely on the issuer's custody arrangements staying sound.

The token's market price can drift from the spot metal when liquidity is thin, and versions of Tether Gold on other networks are separate deployments. On Ethereum the contract is 0x68749665ff8d2d112fa859aa293f07a622782f38; match it before you trade.