Gaining direct exposure to the physical gold price. This is great for smaller retail investors, as it can be sized to the individual’s needs. Tether Gold is the same company that brings you Tether stablecoin, but instead of being pegged to the US dollar, it is pegged to gold. A token holder will have ownership rights to gold on specific gold bars. The allocated gold is identified by its unique serial number, purity, and weight. A website allows token holders to check at any time on the gold bars they own and the ounces of gold possessed per bar. Features: Users need to open an account at app.tether.to and have it verified to buy tokens. All purchases are made in US dollars 1 XAUt token equals one Troy fine ounce of gold on a London Good Delivery bar Tokens are transferable from one unchained Tether wallet to another The token is in the ERC-20 token held on an Ethereum-based wallet and as a TRC20 token on the TRON blockchain. Tokens redeemable back to physical gold for users and a certain minimum number of XAUt tokens. Gold is delivered to any location in Switzerland Tokens can also be redeemed to gold, and then the user can request for it to be sold, and cash sent to them from the proceeds of the sale.
