Tether Gold

Tether Gold (XAUT) is a tokenized-commodity product in which each token represents ownership of one troy fine ounce of physical gold held on a specific, identified gold bar stored in a vault in Switzerland. It is designed for anyone who wants exposure to physical gold but prefers to hold and transfer that claim digitally rather than through traditional custodial arrangements. The project positions itself as a way to access gold without the custody fees typically charged by conventional gold-storage services.

Each XAUT token is backed one-to-one by a troy fine ounce of allocated physical gold, meaning the gold is assigned to specific bars rather than held in an unallocated pool. The token exists as an ERC-20 token on the Ethereum blockchain and as a TRC-20 token on the TRON blockchain, allowing holders to transfer ownership on-chain from a Tether-operated wallet to any compatible address. There is no mining or validator consensus specific to XAUT itself; it inherits the security and settlement finality of whichever underlying blockchain it is transferred on.

The protocol recorded fees of 1,235,439 USD in the most recent 24-hour period, and that same figure is reported for the trailing 7-day and trailing 30-day windows as well, which suggests the fee data reflects a single event rather than a continuously accruing daily stream. Annualizing from the trailing 30-day figure produces an annualized fee figure of 15,031,174.50 USD, while actual trailing-12-month revenue stands at 5,181,094 USD. The take rate for the trailing 30-day period is 100%, meaning all fees recorded flow to the protocol with nothing distributed to token holders as supply-side revenue, as confirmed by a supply-side revenue figure of 0.00 USD for that period. The fee yield, expressed as annualized fees over the current market capitalization of approximately 3.30 billion USD, stands at 0.447708%.