The gold-based stablecoin 'Tether Gold (XAUT)' is rapidly gaining attention in the cryptocurrency market. Tether CEO Paolo Ardoino stated on the 21st that "XAUT can be a digital alternative that safely and efficiently moves gold, reduces the burden of physical transportation, and strengthens liquidity within the cryptocurrency ecosystem".
XAUT is a stablecoin that converts the value of one ounce of gold into a digital token. Investors can easily buy and sell gold on the blockchain and integrate it into their portfolios instead of holding physical gold. This enables asset management based on gold with real-time payment and global accessibility.
In particular, XAUT is attracting attention from cryptocurrency investors as a means of inflation hedging and asset diversification, combining the physical storage and regulatory compliance of gold with the transparency and speed of digital transactions.
Experts noted that "the evolution of stablecoins in the cryptocurrency market is expanding from simple dollar-pegging to physical asset-pegging" and predicted that "XAUT has the potential to accelerate the digitalization of financial infrastructure along with central bank digital currencies (CBDC) and digital government bonds in the future".
