Tether Gold (XAUT) Price

Tether Gold is a blockchain-based platform that was launched in 2014. It disrupts the mainstream financial system by using fiat currencies in a modern digital manner. Tether Gold provides its users with the ability to perform transactions with traditional currencies without the fear of volatility, complexity, or fraud that is associated with digital currencies. This has made it the first blockchain-based platform to incorporate the smooth use of traditional currencies digitally.

Tether Gold's Features and Updates

Tether's native utility token, XAUT, powers all transactional activities on the Tether network. Tether Gold (XAUT) tokens are built and secured on multiple top blockchains such as Avalanche, Algorand, Ethereum, EOS, Bitcoin Cash’s Simple Ledger Protocol (SLP), Tron, Polygon, Liquid Network, Tezos, Statemine, Omni, and Solana. These blockchain protocols ensure the security, insurance, and redemption of the Tether Gold (XAUT) tokens.

Tether Gold (XAUT) tokens can be exchanged on the network. The XAUT tokens are created using broadcast-creation transactions and various Tether private authorization keys on the blockchain. The created XAUT tokens are then stored and authorized in the Tether platform's treasury. These tokens are not available for purchase (in circulation) unless a scenario of high market demand occurs.

Tether Gold runs on a Multi-Signature (Multi-Sig) model that prevents a single user from personally issuing XAUT tokens. Because of this, security risks are prevented. Each XAUT token is completely backed by the Tether Gold platform's reserves. The reserves include traditional currencies, cash equivalents, receivables from loans made by Tether to third-party users or companies, and other crypto assets. When the entirety of the Tether Gold (XAUT) tokens in circulation are less than or equal to the value of the Tester Gold's reserves, the platform becomes fully reserved.

Tether Gold's Team

The Tether Network was founded by a team of Bitcoin enthusiasts who are intentional about incorporating the use of fiat currencies digitally. The team oversees all activities on the network and consistently looks forward to improving Tether Gold and the XAUT cryptocurrency. Heads of the team include;

• JL van der Velde (Chief Executive Officer),


• Giancarlo Devasini (Chief Financial Officer),


• Stuart Hoegner (General Counsel),


• Paolo Ardoino (Chief Technology Officer),


• Leonardo Real (Chief Compliance Officer), and


• Claudia Lagorio (Chief Operating Officer).