Tether Gold (XAUt) is termed the “natural progression” in the evolution of money as per its official whitepaper. After creating the largest stablecoin by market capitalization, Tether (USDT), TG Commodities Limited introduced Tether Gold, a gold-backed digital currency.
With gold being considered by many as a “store-of-value,” the gold-backed stablecoin offers some advantages over its fiat-backed counterparts. Tether's Gold token provides users with an asset combining both scarcity and price stability akin to that of gold but also offers digital token convenience for transactions and trust in scarcity.