Tether Gold

Overview

XAUT is a token issued by a Tether group subsidiary in which each token represents one fine troy ounce of gold on a specific London Good Delivery bar stored in Switzerland. The issuer redomiciled from the British Virgin Islands to El Salvador and is registered with El Salvador's National Commission of Digital Assets. Reserves are reported in quarterly attestations, and verified holders can redeem for physical gold delivered in Switzerland or for cash.

Allocated London Good Delivery gold bars stored in Swiss vaults (1 XAUT = 1 fine troy ounce)

Product structure

Legal wrapper

Corporate issuer (Tether group subsidiary) holding allocated gold via a legally separate Swiss custodian; no fund vehicle

Domicile

El Salvador

Regulatory status

Issuer registered with El Salvador's CNAD as a stablecoin issuer and digital asset service provider under the Digital Assets Issuance Law (registration PSAD-0032, per Aave risk review). XAUT recognised by ADGM FSRA as an Accepted Spot Commodity (2026-07-15).

Asset segregation

Unverified

Custodian

Unnamed, legally separate Swiss custodian (vault location Switzerland)

Fund administrator

Unverified

Auditor

Quarterly reserve attestation by BDO Italia S.p.A.

Transfer agent

Unverified

Tokenization agent

Unverified

Proof of reserve

Quarterly attestation by BDO Italia

Redemption & liquidity

Redemption terms

Physical delivery in Switzerland or cash settlement; minimum one London Good Delivery bar (approx. 430 oz / 430 XAUT); KYC-verified holders only

Secondary liquidity

Freely transferable; traded on centralized exchanges and used in DeFi lending markets (e.g. Aave)

Yield mechanism

None (non-yielding gold exposure)

Fees

0.25% creation fee; 0.25% redemption fee (rwa.xyz); USD 150 KYC verification fee (credited against future redemptions); no custody/storage fee

On-chain information

EthereumBNB ChainArbitrumMonadAvalanche (bridged)

Token standard

ERC-20 (BEP-20 on BNB Chain)

Transfer restrictions

Permissionless; issuer can freeze and blacklist addresses; contract is an upgradeable proxy controlled by a 3-of-6 Tether multisig without a timelock

Contract addresses: unverified

Notes & material events

Market cap and holders are an rwa.xyz snapshot retrieved 2026-09-30. Other trackers diverge materially the same day: CoinGecko approx. $3.37B (808,994 XAUT circulating) and DefiLlama approx. $3.43B; Cointelegraph reported 253,000 holders at end-Q2 2026. Launched in January 2020 on Ethereum and TRON; rwa.xyz lists an inception date of 2021-10-31, which conflicts with the launch press. Received a Shariah certification from Amanah Advisors (July 2026).

Revision history

No published revisions.