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What Is Tether Gold?

Tether Gold (ticker XAUT) is a digital token backed by physical gold, issued by the company behind the USDT stablecoin. Each XAUT token represents ownership of one fine troy ounce of gold on a specific London Good Delivery bar, the institutional bar standard set by the London Bullion Market Association, held in a vault in Switzerland. The idea is to combine the stability of gold with the portability of a cryptocurrency: holders get direct exposure to physical gold that can be sent anywhere in minutes, divided into fractions as small as 0.000001 of an ounce, and held without paying ongoing custody fees.

Tether Gold launched on January 23, 2020, issued by TG Commodities Limited, a sister company of Tether Limited within the Tether group. In January 2025 the issuer relocated from the British Virgin Islands to El Salvador, where it now operates as TG Commodities, S.A. de C.V., authorized as a stablecoin issuer and digital asset service provider under El Salvador's Digital Asset Issuance Law and supervised by the country's National Commission of Digital Assets.

The backing model is more direct than many gold products. Rather than tracking the gold price synthetically, each token confers an undivided interest in one fine troy ounce on a specific bullion bar in the reserves, and Tether Gold publishes the bar-level allocation. Reserves are attested quarterly by an independent accounting firm; as of mid-2025 the attestations showed more than 7.66 metric tons of gold backing the tokens, and by the end of 2025 reserves had grown to more than 520,000 fine troy ounces. Unlike a regulated gold ETF, however, XAUT relies on these attestations rather than full audits, and buying or redeeming directly with the issuer requires passing its verification process.

Redemption works in whole bars. A verified customer holding enough tokens to cover a full London Good Delivery bar (bars typically contain around 400 fine troy ounces, and Tether Gold may ask for a deposit of 430 tokens to cover variation in bar size) can redeem for the physical gold, either taking delivery within Switzerland or having Tether Gold arrange a sale through a licensed gold broker. Smaller holders simply sell their tokens on the open market. Direct purchases from the issuer carry a minimum of 50 tokens, but exchanges sell far smaller amounts.

XAUT was originally issued on Ethereum as an ERC-20 token and on TRON as a TRC-20 token. Today Ethereum is the primary home of the token, and it is the contract listed by major market data sites. In June 2025 an omnichain version called XAUt0, built on LayerZero's Omnichain Fungible Token standard and operated by Everdawn Labs (the team behind USDT0), launched first on The Open Network (TON) and has since expanded to chains including Avalanche, Solana, and Polygon, letting tokenized gold move across networks without wrapped intermediaries.

Tether Gold has become the largest gold-backed token, accounting for roughly 60 percent of the gold-backed token market at the end of 2025 by Tether's own count, with a market value in the billions of dollars; competing gold tokens grew quickly in early 2026 and trimmed that share to just over half. It is worth noting that the Tether group has faced regulatory scrutiny over the years, including settlements in 2021 with the New York Attorney General and the CFTC concerning past disclosures about USDT's reserves; XAUT itself was not the subject of those actions, but holders are ultimately trusting the same corporate group.

Getting Started With Tether Gold

Getting started with XAUT means deciding whether to buy small amounts on an exchange or larger amounts directly from the issuer:

  1. Step 1: Set up an Ethereum-compatible wallet such as MetaMask or Trust Wallet, since XAUT is an ERC-20 token.
  2. Step 2: Buy XAUT on a centralized exchange, or for larger purchases (50 tokens minimum) open a verified account at gold.tether.to and buy directly from the issuer.
  3. Step 3: Withdraw the tokens to your own wallet if you want self-custody; fractions as small as 0.000001 XAUT can be transferred onchain.
  4. Step 4: Verify the backing yourself by checking the quarterly attestation reports and the gold bar allocation information published on the official website.

How to Get a Tether Gold Wallet?

Because XAUT is an ERC-20 token on Ethereum, any wallet that supports Ethereum tokens can hold it.

MetaMask

MetaMask is the most widely used Ethereum wallet, available as a browser extension and mobile app. Add the XAUT token contract and you can hold, send, and swap the token alongside other Ethereum assets.

Trust Wallet

Trust Wallet is a popular mobile wallet with built-in support for XAUT, convenient for holding tokenized gold on a phone.

Hardware Wallets

For larger holdings, a hardware wallet such as a Ledger or Trezor paired with a software interface keeps the private keys controlling your XAUT offline, which is the recommended setup for long-term storage of significant value.

Tether Gold Resources

How to Buy Tether Gold?

XAUT trades on centralized exchanges, on decentralized exchanges, and directly through the issuer for verified customers.

Centralized Exchanges

XAUT is listed on major exchanges including Bitfinex, Bybit, OKX, Kraken, KuCoin, Gate, Bitget, and MEXC, typically traded against USDT or USD. Exchanges allow purchases of small fractions of a token, so you do not need the price of a full ounce of gold to get started.

Decentralized Exchanges

As an ERC-20 token, XAUT can be swapped on Ethereum DEXes such as Uniswap directly from a self-custody wallet.

Directly From the Issuer

Verified customers can buy XAUT directly at gold.tether.to with a minimum purchase of 50 tokens, priced from the Swiss gold market, and large holders can redeem whole-bar amounts for physical delivery in Switzerland.

Latest Tether Gold News

2025 was a year of expansion for Tether Gold. The issuer relocated to El Salvador in January 2025 and became a regulated stablecoin issuer under the country's Digital Asset Issuance Law. In June 2025, the omnichain XAUt0 token launched on TON in collaboration with the TON Foundation, later spreading to Avalanche, Solana, and Polygon, putting tokenized gold within reach of Telegram's massive user base. Riding a strong gold market, reserves backing the token grew sharply through the year, and a late 2025 Jefferies report ranked Tether among the top 30 gold holders globally across its products, ahead of several national central banks.

Tether reported that XAUT accounted for roughly 60 percent of the entire gold-backed token market at the end of 2025, though a broader boom in tokenized gold trimmed that share to just over half in early 2026 even as the token's own reserves kept growing. Because reserve figures, supported chains, and fees change over time, the official website, the quarterly attestation reports, and the FAQ are the best sources for the current state of the product.