XAUT is a digital asset offered by TG Commodities Limited. One XAUT token represents one troy fine ounce of gold on a London Good Delivery gold bar.
Holders of XAUT obtain the combined benefits of both physical and digital assets. XAUT token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
Tether, the issuer of USDT, announced a new gold-backed stablecoin. This token is said to be issued on the Ethereum and Tron blockchains.
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