We currently only track XAUT lending, custodial lending providers will pay you an APY on deposits.
Based on current market examples you can expect to earn a baseline APY around 5.5%.
There are risks associated with custodial lending, please do appropriate research.
Each XAU₮ token represents ownership of one troy fine ounce of physical gold on a specific gold bar. XAU₮, which is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain, can be transferred to any on-chain address from the purchasers’ Tether wallet. Furthermore, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures. Today, Tether Gold (XAU₮) is the best way to hold Gold.
Some of the core team members include:
JL Van Der Velde – CEO
Giancarlo Devasini – CFO
Stuart Hoegner – GENERAL COUNSEL
Launched in Jan 2020, Tether published this Press Release:
Tether isbBuilding on a track record for product innovation, each XAU₮ token represents ownership of one troy fine ounce of physical gold on a specific gold bar. XAU₮, which is available as an ERC-20 token on the Ethereum blockchain and as a TRC20 token on the TRON blockchain, can be transferred to any on-chain address from the purchasers’ Tether wallet. Furthermore, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.
In their opinion, Tether Gold (XAU₮) is the best way to hold Gold.
XAU₮ is supported by around the clock customer support.
* XAU₮ is issued by TG Commodities Limited.
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