Tether Gold is a crypto asset designed to give users direct exposure to physical gold in token form. Tether says each XAU₮ token provides ownership rights to gold and is backed by real physical gold stored in vaults, combining blockchain transferability with gold ownership.
The project’s main purpose is to make gold easier to hold and move without requiring the user to handle bars directly. According to Tether’s materials, holders can identify the specific gold bar tied to their tokens through a unique serial number, and the token is meant to provide the convenience of digital transfer while remaining linked to allocated physical bullion.
The token is XAU₮, and each full token represents ownership of one fine troy ounce of gold on a specific gold bar. Tether’s FAQ says holders have undivided ownership rights to the gold assigned to their tokens, and the token can be transferred on supported blockchains while preserving that gold-linked claim.