Tether Launches GoldBacked Stablecoin aUSD to Develop Digital Asset Tokenization Platform
The gold stablecoin XAU₮ issued by Tether is based on the ERC-20 standard, with each token backed by one troy ounce of gold. The contract address indicates that the current circulating supply is 246,524.33 XAU₮, with a market value of approximately 570 million US dollars. There are no custody fees or trading gas fees, only a one-time fee of 25 basis points when purchasing or redeeming. If one wishes to exchange for physical gold, Tether can also deliver physical gold bars to any address in Switzerland (additional shipping costs apply). However, physical delivery is subject to fixed specifications of physical gold, requiring a minimum of 430 TOZ of XAU₮ to redeem for physical gold bars.
