Stablecoin event
Tether Gold XAU₮ launches
Tether announced XAU₮ as a token providing ownership of allocated physical gold, with one token representing one fine troy ounce on an LBMA Good Delivery bar.
ImpactHigh
Detail kindReserve Change
Sources2
Tether Gold
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TG Commodities, S.A. de C.V.
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| Date | 2020-01-23 |
|---|---|
| Event type | Launch |
| Event detail kind | Reserve Change |
| Stablecoin subjects | Tether Gold |
| Organization subjects | TG Commodities, S.A. de C.V. |
| Impact | High |
| Effect on stablecoin status | Active |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | XAUt tokenized-gold launch. |
| Record confidence | High |
| Reserve-change summary | XAUt tokenized-gold launch. |
|---|
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| Tether Gold launch | Tether | Issuer Statement | Xaut Launch and Allocated Gold Design |
| Tether Gold frequently asked questions | Tether Gold | Issuer Support | Xaut Ownership Purchase Redemption Networks and Restrictions |
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