Tether Gold
Tether Gold (XAU鈧) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility.
Note: XAU鈧 tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).
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