What is Tether Gold (XAU₮)? Benefits, Features, and Where to Buy

What is Tether Gold (XAU₮)

What is Tether Gold (XAU₮)?

Tether Gold (XAU₮) is a cryptocurrency similar to Bitcoin, Dogecoin, Ripple, Etherium, etc. The value of XAU₮ is backed by pure gold. Tether Gold is a digital asset offered by TG Commodities Limited. One Tether Gold is equal to one troy fine ounce of gold on a London Good Delivery gold bar. The current value of Tether Gold (XAU₮) is $1765.72 USD at the time of writing this post.

Good Delivery bars are very famous for their purity. They are normally used in international markets like London, Sydney, Hong Kong, Tokyo, and Zurich. Good Delivery bars are also used in gold reserves of central banks, IMF, and government.

Tether Gold (XAU₮) token can be transferred to other users to any on-chain address. A one troy fine ounce gold bar will be associated with each on-chain address where tether gold is held.

What are the Features of Tether Gold (XAU₮)?

  1. Easy Access
  2. Individual Allocation
  3. Multiple Redemption Options
  4. 24/7 Customer Support
  1. Easy Access: Tether Gold (XAU₮) is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain. This token can be traded or moved easily at any time, anywhere in the world. This makes it easily accessible for all.
  2. Individual Allocation: Each Tether Gold token represents ownership of one troy fine ounce of physical gold on a specific gold bar by Good Delivery bars London. Therefore, holders of XAU₮ will obtain undivided ownership rights to gold on the specified gold bars. Each allocated gold bar is identifiable with a unique serial number on it, its purity, and weight. At any time, XAU₮ holders can check the details of the gold bars associated with their address through the Look-up website.
  3. Multiple Redemption Options: Holders of Tether Gold (XAU₮) can make a redemption request for their Tether Gold tokens in the form of physical gold so long as holders have completed TG Commodities Limited’s verification process and hold the required minimum number of XAU₮ tokens. The holder’s physical gold can be delivered to a location of their choice in Switzerland or the holder can request that TG Commodities Limited attempt to sell the gold and receive the cash proceeds from that sale (less TG Commodities Limited’s fees).
  4. 24/7 Customer Support: Tether Gold has a global customer support team that serves its customers 24×7 across the globe.

What are the Benefits of Tether Gold (XAU₮)?

Tether Gold (XAU₮) tokens are backed with one troy fine ounce gold bar in London by TG Commodities Limited. The gold bars are known for their purity. And you know the price of Gold is continuously increasing. Its price is directly associated with Gold which cannot reduce, so this is the main benefit of this token. The owner of this token holds physical as well as digital assets without any risk of holding physical gold.

Where we can Buy Tether Gold (XAU₮)?

You can buy Tether Gold (XAU₮) tokens on large crypto exchanges like Bitfinex, RenrenBit, FTX, BTSE, and Delta Exchange. For buying this token you also have a verified account with TG Commodities Limited. The minimum purchase allowed is 50 Tether Gold (XAU₮) or 50 fine troy ounces. All purchases will be in US Dollars.

Also Read: What Is Tether (USDT) And What Are The Advantages Of Using It?

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I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.

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