Investing in Tether Gold cryptocurrency as an alternative to physical gold

For thousands of years, investing in gold has been considered one of the most secure investment options.

This metal was a place to store savings in turbulent years, when money lost its value and purchasing power.

But time does not stand still and gradually physical gold replaced gold bank accounts, and with the spread of cryptocurrencies, cryptocurrencies tied to the precious metal also appeared.

Today, Tether Gold is a gold-backed cryptocurrency; the price of one coin corresponds to the price of one troy ounce.

Tether Gold was released on the basis of the stablecoin Tether of the same name, which has already managed to gain popularity among investors, and the turnover with its use has long surpassed Bitcoin in volume.

What is Tether Gold

In fact, Tether Gold is the key to an anonymous deposit in gold, the deposit itself is located in the safes of a Swiss bank, at least that’s what the developers of this token say:

The idea is that by having a digital wallet in Tether Gold, you actually have physical gold stored in a secure location. And to transfer rights to it, you just need to make an electronic transaction, as happens with any other cryptocurrency.

When creating the cryptocurrency, a multi-blockchain approach was used on the Ethereum (ETH) blockchain and the TRON (TRX) blockchain, which simplifies transactions with this asset.

On the currency exchange, Tether Gold is designated by the symbol XAUT, and the quote itself in relation to the dollar looks like XAUT/USD.

XAUT supports the same crypto wallets as USDT, so the token is quite easy to buy or sell, it is also listed on the largest cryptocurrency exchanges or cryptocurrency brokers .

At the same time, its capitalization is currently quite low and amounts to only 500 million US dollars.

Tether Gold is tied to gold and can either rise or fall; at the moment, 1 Tether Gold costs 1,740 US dollars. You can check the current price on the quotes page https://time-forex.com/kotirovki The gold quote is at the bottom of the list.

Ideally, a gold token is suitable for those who like to store their savings in gold and prefer not to advertise their identity.

If you want to make money on speculation with precious metals, then for these purposes it is more convenient to use the trading platform, access to which is provided by brokers for trading gold - https://time-forex.com/vsebrokery/brokery-zoloto-serebro