Tether Gold (XAUT) Exchange

XAUT is not a synthetic contract — it is a claim on physical gold. Each token represents one troy ounce of specific gold bars held in Swiss vaults. XAUT's market price tracks the international spot price of gold (XAU/USD) because arbitrageurs buy XAUT when it trades below gold spot and sell when it trades above. The link is maintained by the redeemability of XAUT for physical gold by qualified holders.

Fully-allocated (segregated) storage means Tether holds specific gold bars assigned exclusively to XAUT token holders — not co-mingled with other assets or lent out. Each XAUT is linked to specific bar serial numbers. This contrasts with unallocated gold accounts (used by many banks and gold funds) where customers have a claim on gold-equivalent value but not specific bars, exposing them to custodian insolvency risk.

Yes, but with a minimum threshold. Holders with 430 XAUT or more can request physical gold delivery — 430 XAUT corresponds to approximately one standard Good Delivery gold bar (approximately 400 troy ounces). Smaller holders cannot redeem directly for physical gold; they can sell XAUT on the open market. A one-time 0.25% fee applies when XAUT is created or redeemed through the issuer, and there is no custody fee, according to the Tether Gold Relevant Information Document.

Good Delivery gold bars (the international standard for wholesale gold trading accepted by the LBMA) weigh approximately 400 troy ounces each — though they can vary between 350 and 430 ounces. Tether's minimum physical redemption of 430 XAUT corresponds to the upper end of a standard Good Delivery bar. This is a practical constraint of the physical gold delivery market, not an arbitrary policy.

Tether publishes the serial numbers of every gold bar in its vaults on tether.to. Each bar's weight, fineness, and serial number are listed. XAUT holders can query which bars correspond to their token holdings. This transparency allows independent verification of the gold backing without relying solely on Tether's attestations.

XAUT and PAXG are both tokenised gold products pegged to one troy ounce per token. Key differences: XAUT is issued by Tether (which also issues USDT); PAXG is issued by Paxos Trust Company (which also issues PYUSD and USDP) under a New York DFS trust charter. PAXG's US regulatory oversight under NYDFS may offer different assurance profiles than XAUT's Swiss-vaulted model. Both use fully-allocated storage and both track gold spot.

XAUT's native networks are Ethereum (ERC-20) and Tron (TRC-20); bridged or omnichain versions on other networks may exist and are not interchangeable with the native tokens. If you need gold exposure on Solana, PAXG launched on Solana through Sunrise DeFi in June 2026. Confirm current chain availability before executing a swap.

Tether publishes quarterly attestations for XAUT gold reserves, verifying that the quantity of physical gold in Swiss vaults matches or exceeds the circulating XAUT supply. These attestations are conducted by independent accountants and published on Tether's website. The attestation model is the same used by major fiat-backed stablecoins, adapted for physical commodity verification.

XAUT offers on-chain transferability, 24/7 settlement, and divisibility to fractions of a troy ounce — none of which gold ETFs provide. You can send XAUT to any Ethereum or Tron wallet address in minutes, use it as DeFi collateral, or settle it cross-border without a brokerage account. The trade-off: gold ETFs are regulated securities with investor protections; XAUT's protections depend on Tether's custody arrangements rather than securities law.

XAUT-specific risks include custodian risk (Tether's creditworthiness and the integrity of its Swiss vault operations), smart contract risk (a vulnerability in the XAUT contract could allow theft or freezing of tokens), and regulatory risk (if Tether faces regulatory enforcement that restricts XAUT operations). These risks are additive to normal gold price volatility, not alternatives to it.

Go to swapzone.io/exchange/tether-gold, enter the XAUT amount you want to send or receive, and compare live offers from available exchange partners. Each offer shows the rate, estimated completion time, and KYC frequency label. Select the offer, enter your receiving wallet address, and send XAUT to the deposit address provided. Confirm whether the partner uses ERC-20 (Ethereum) or TRC-20 (Tron) XAUT. No registration is required on Swapzone.