Tether Gold (XAUT) Cambio
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What is Tether Gold?
Tether Gold is a digital currency backed by gold. This project aims at becoming a bridge between cryptocurrencies and gold and thus getting to the position of a strong contender to Bitcoin.
XAUT is run by TG Commodities Limited. The token is built on Ethereum and TRON networks and is backed by gold stored in a Swiss vault. Tether Gold may be helpful in times of economic turmoils when stocks and fiat currencies are dropping — but the gold remains relatively stable.
In November of 2020, XAUT’s daily trading volume was around $175K. Although there’s no open data about XAUT’s circulating supply and its market cap, its current market rank is #2636.