XAUT
Coverage of XAUT in the Nexus archive.
- Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years
Tether Gold reserves increased by 9.5% as gold experienced its worst quarter since 2013. XAUt added to its bullion backing during this period, with tokenized commodity holder counts continuing to rise.
- Tether winds down aUSDT stablecoin and Alloy platform to sharpen focus
Tether is discontinuing support for the Alloy by Tether platform and the aUSDT stablecoin, which is over-collateralized by XAUT.
- Tether launching tokenized gold Visa card with XAUT rewards
Tether is launching a tokenized gold Visa card that rewards users with XAUT. The card operates on the Visa network, allowing global spending at Visa-accepting merchants.
- Do you think a gold-backed stablecoin could become an internationally accepted common currency? Like 0.01gm is at $1.5
The article discusses the potential of a gold-backed stablecoin, specifically 0.01 grams of gold valued at $1.5, as a future global common currency. It highlights gold's universal appeal and existing gold stablecoins like XAUt, which are currently too expensive for practical use.
- Best way to get tokenized gold exposure in crypto?
A Reddit user expressed frustration with high slippage (-3%) on Cowswap when purchasing tokenized gold (PAXG/XAUT), resulting in less exposure than planned. They highlighted the challenges of acquiring tokenized gold due to fees, slippage, and complex entry processes despite its perceived simplicity.