Brief History of XAUT
XAUT (Tether Gold) was created in 2020 as a digital asset backed by physical gold. The project was developed to combine the long-standing stability of gold with the efficiency and accessibility of blockchain technology. By tokenizing ownership of physical gold, XAUT allows users to gain exposure to the precious metal and transfer it digitally without the costs and logistical challenges of storing or transporting gold bars.
Interest in XAUT grew substantially between 2022 and 2024. As inflationary pressures increased, economic uncertainty persisted, and cryptocurrency markets experienced heightened volatility, many investors sought assets with a more stable and predictable risk profile. At the same time, the continued development of the XAUT ecosystem contributed to its adoption. Expanded support across multiple blockchain networks and integration with DeFi protocols improved accessibility and utility, helping strengthen the token’s position in the market.
Feauters of XAUT
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Price Stability — the value of XAUT is tied to the price of gold, helping reduce exposure to the sharp price swings commonly seen in other digital assets.
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Asset Backing — each XAUT token is backed by physical gold held in the issuer’s reserves.
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Transparency — information regarding the gold reserves backing the token is available for users to verify.
- Global Accessibility — XAUT can be transferred and used for cross-border transactions without relying on traditional banking intermediaries.
- Investment Appeal — by combining the stability of gold with the flexibility and efficiency of a digital asset, XAUT has become an attractive option for investors.
Disadvantages of XAUT
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Exposure to Gold Prices — the value of XAUT is directly linked to the market price of gold, meaning its performance depends on movements in the precious metals market.
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Regulatory Risk — changes in laws, regulations, or government policies could affect the issuance, trading, or use of the token.
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Limited Growth Potential — XAUT is primarily designed to preserve value rather than generate significant speculative returns.
XAUT on Ethereum Network
We currently support XAUT on the Ethereum network. XAUT is an ERC-20 token backed by physical gold, with each token representing ownership of one troy ounce of gold held in reserve.
- Original smart contract XAUT ERC20: 0x68749665ff8d2d112fa859aa293f07a622782f38
- When sending XAUT on the Ethereum network, ETH is required in your wallet to pay for network fee. The current Ethereum network fee can be checked here.
