What is Tether Gold (XAUT) Coin?
Rapid developments in the cryptocurrency world are encouraging people to move beyond traditional asset classes. In this context, gold-based tokens like Tether Gold (XAUT) play an important role in this space by offering a digitized version of physical gold.
Digitization of Gold and XAUT Tokens
Gold has been used as a store of value throughout history. However, the difficulties of transporting and storing physical gold have limited its use as a hedging instrument, especially during periods of general market uncertainty and distress. Thanks to innovations in the cryptocurrency space, gold-based tokens have emerged to solve these problems. Tether Gold (XAUT) is a digitized representation of physical gold. XAUT tokens provide a practical solution to users by eliminating the challenges of transporting, storing and trading physical gold.
Characteristics of XAUT Tokens
1. Portability:
Physical gold can be difficult to transport due to its weight and volume. XAUT tokens, on the other hand, can be easily transported with your other crypto assets.
2. Divisibility:
Physical gold bars can be difficult to split, but XAUT tokens can be split even in very small quantities, which allows for more use cases.
3. 24/7 Trade:
Physical gold trading is limited by geographical location and trading hours. XAUT tokens can be traded 24/7, every day of the year, on exchanges around the world.
4. Availability Instead of Physical Gold:
XAUT tokens can be used in place of physical gold if desired, and physical gold can be delivered to places like Switzerland.
5. Ease of Storage:
Physical gold storage can be costly and prone to geopolitical risks. XAUT tokens can be stored alongside your other crypto assets, eliminating physical storage issues.
6. Traceability:
All physical gold backing XAUT tokens can be tracked on their website. This feature facilitates the verification of tokens and the control of gold allocations.
This token offers users an alternative and modern store of value, providing a solution to the practical challenges of traditional gold investments.
