Tether Gold (XAUT) Achieves Self Reported Market Cap of $134.42 Million

Tether Gold (XAUT) traded up 0.9% against the dollar during the 1 day period ending at 18:00 PM ET on October 29th. During the last seven days, Tether Gold has traded up 0.2% against the dollar. One Tether Gold token can now be purchased for approximately $2,774.42 or 0.03811218 BTC on major cryptocurrency exchanges. Tether Gold has a total market capitalization of $134.42 million and $6.77 million worth of Tether Gold was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 3.5% higher against the dollar and now trades at $72,208.74 or 0.99193239 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 3.2% against the dollar and now trades at $71,950.48 or 0.98838463 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Tether Gold Token Profile

Tether Gold launched on January 23rd, 2020. Tether Gold’s total supply is 246,524 tokens and its circulating supply is 48,450 tokens. The official website for Tether Gold is gold.tether.to. Tether Gold’s official Twitter account is @tethergold and its Facebook page is accessible here.

According to CryptoCompare, “Tether Gold (XAUT) is a digital token representing ownership of one troy fine ounce of physical gold on a specific gold bar. It is a stablecoin tied to the value of gold, created by Tether, the company behind USDT. Tether aims to facilitate the use of fiat currencies digitally by creating tokens pegged to different assets. Tether Gold provides the stability of gold and the flexibility of cryptocurrency, allowing users to own gold without storage costs or handling inconveniences. XAUT can be used as a stable value store, means of transaction, and proof of digital gold ownership. It can be transferred to any on-chain address and diversifies a digital asset portfolio. Tether Gold is a project of Tether Ltd., founded by Reeve Collins, Craig Sellars, and Brock Pierce, part of the Tether Holdings Limited group.”

Tether Gold Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Tether Gold directly using US dollars. Investors seeking to trade Tether Gold should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tether Gold using one of the exchanges listed above.

XAUT/USD price chart by TradingView