What is Tether XAUt Token
Gold-pegged Tether Token (XAUt) is a digital asset offered by TG Commodities Limited. One full token represents one troy fine ounce of gold on a London Good Delivery bar.
Owning physical assets on the blockchain provides holders with 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.
Important: Bitfinex users do not have to be further KYC verified to deposit or withdraw XAUt.
Note: Bitfinex supports ERC-20 based XAUt Token.