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Definition: Tether Gold


A digital asset from TG Commodities Limited that represents the precious metal. Tether Gold is a stablecoin, and one ERC-20 token XAUT is equal to one troy ounce (31.1 grams) of gold on the Ethereum blockchain. A TRC20 token is the equivalent on the TRON blockchain. Actual gold bars are associated with each address on the blockchain that holds Tether Gold. See Ethereum and stablecoin.