Tether Gold (XAUT) Exchange
XAUT is a tokenised gold asset issued by Tether, where each token represents one troy ounce of gold held in fully-allocated physical vaults in Switzerland, redeemable for specific gold bars by verified holders.
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What Is Tether Gold (XAUT)?
What Is XAUT?
XAUT is a tokenised gold asset issued by Tether Operations Limited — the same company that issues USDT. Each XAUT token represents one troy ounce (31.1 grams) of physical gold held in fully-allocated, segregated vaults in Switzerland. XAUT launched in January 2020 and is deployed as an ERC-20 token on Ethereum and as a TRC-20 token on Tron. The gold backing is verifiable on-chain: each XAUT token is linked to specific gold bar serial numbers, published on Tether's website, allowing holders to verify which bars correspond to their tokens.
XAUT Supply and Gold Backing Model
XAUT is a fully reserved tokenised commodity: every XAUT in circulation corresponds to an equal quantity of physical gold held in allocated Swiss vaults. This is fully-allocated (segregated) storage — Tether does not co-mingle gold with other customers' reserves.
Backing ratio — 1 XAUT = 1 troy ounce of physical gold
Vault location — Switzerland (allocated and segregated storage)
Serial number transparency — each token is linked to specific gold bar serial numbers verifiable on tether.to
Chains — ERC-20 on Ethereum; TRC-20 on Tron
Circulating supply — elastic; new XAUT minted when gold is deposited, burned when redeemed
Redemption — holders with 430 XAUT or more can redeem for physical gold delivery (minimum matches standard gold bar denomination); smaller holders can sell XAUT on the open market
Fees — a one-time 0.25% fee applies when XAUT is bought from or redeemed with the issuer, and no custody fee is charged, according to the Tether Gold Relevant Information Document
Attestations — Tether publishes quarterly attestations of gold reserves for XAUT
What Determines XAUT's Value
XAUT's price tracks the international spot price of gold (XAU/USD), quoted per troy ounce on LBMA and global commodities markets. Gold price drivers include: US dollar strength (gold is priced in USD — a weaker dollar typically lifts gold), central bank demand (central banks bought more than 1,000 tonnes of gold per year in 2022–2024, according to the World Gold Council), inflation expectations, and geopolitical risk. XAUT provides exposure to gold price movements with the additional benefit of on-chain transferability, divisibility (fractions of a troy ounce), and settlement speed versus physical gold ETFs or allocated accounts. The primary risk specific to XAUT (beyond gold price risk) is custodian risk — Tether's creditworthiness and the integrity of Swiss vault operations.
How to Exchange Tether Gold (XAUT) on Swapzone
How to Choose an XAUT Exchange Partner
Tether Gold (XAUT) Price Analysis
Frequently Asked Questions About Tether Gold (XAUT)
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.
Tether Gold (XAUt) is a digital token where each XAUt represents ownership of one troy ounce of physical gold held in a Swiss vault. Tether Limited (the same company that issues USDT) issues XAUt and claims that each token is backed by a specific gold bar identified by its serial number. Unlike ETFs or futures, XAUt holders can in theory redeem for physical delivery in Switzerland (subject to minimum amounts and identity verification). The gold is not held by a neutral third-party custodian but by Tether itself, which is a relevant counterparty risk consideration.
USDT tracks the US dollar and is backed by cash and Treasury bills. XAUt tracks the price of one troy ounce of gold and is backed by physical gold in a Swiss vault. Both are issued by Tether Limited, but they serve entirely different purposes. USDT is designed for stability in crypto trading as a dollar proxy. XAUt is designed to give on-chain exposure to gold prices, meaning its value fluctuates with the gold market. If gold rises 10%, XAUt rises approximately 10%. For swapping on Swapzone, XAUt behaves like any other asset: you enter the amount and compare partner quotes at the current gold-based rate.
XAUt's safety depends primarily on trusting Tether Limited's custody claims. Tether publishes quarterly attestations showing gold holdings, but these are not full audits by an independent auditor with physical verification rights. The token smart contract has been audited, and the ERC-20 version on Ethereum is widely supported. Key risks include Tether counterparty risk (the company controlling the gold), smart contract risk, and the fact that the gold cannot be recovered if Tether becomes insolvent. These are different risks from holding a gold ETF regulated by a national securities authority.
XAUt's dollar value equals approximately the current spot price of one troy ounce of gold. Gold trades continuously on global markets and its price changes around the clock. The live XAUt price shown on the page is sourced from CoinGecko and updated in real time. As of October 2026, CoinGecko listed XAUt at approximately $4,040, in line with the gold spot price. Use the Swapzone calculator to see the exact amount of any receiving asset for your XAUt amount at the current rate.
Why Exchange Tether Gold on Swapzone
24/7 customer support via live chat if a swap runs into any issue
Non-custodial aggregator — XAUT goes directly to your wallet, never through Swapzone
Live XAUT offers from exchange partners side by side.
Exchange XAUT against 1,600+ cryptocurrencies
Tether Gold Reviews on Trustpilot
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