Ethereum
Token price
-0.02% last 24h
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Market cap
24h vol
Holders
Total liquidity
-
Balance: $0
($617.5 M)
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Type | Amount | Price | Wallet | Time |
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Data provided by
CoinMarketCap.comTether Gold (XAU₮) is a type of token matching physical gold. Each XAU₮ token matches a specified gold bar and is offered as an ERC20 token on the Ethereum blockchain and a TRC20 token on the TRON blockchain. XAU₮ tokens can be traded continuously on various platforms listing these tokens. As well, these tokens can be broken down into increments as minute as 0.000001 troy fine ounce, providing a different perspective compared to physical gold bars. The physical gold support of XAU₮ tokens can be examined using the Tether Gold platform, giving an understanding of gold distribution in vaults. Notably, XAU₮ tokens can be swapped for physical gold bars that are delivered to a location in Switzerland. XAU₮ tokens can be held in the same process as other tokens. Being digital, there is ease in moving and transferring these tokens compared to physical gold. In addition, Tether Gold allows direct observation over physical gold storage in a Swiss vault without the addition of custody fees. Consequently, possessing XAU₮ tokens could provide an alternative method for holding gold due to its availability, ability to verify, and non-existence of storage fees along with restrictions associated with physical gold.
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GOL Metrics:
Current price: $2,609.2428
Market cap: $643.24 M
All-time high: being indexed (being indexed)
All-time low: being indexed (being indexed)
Daily trading volume: $4.08 k
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