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Tether Gold (XAUT) is a stablecoin that represents physical gold, with each token backed by one troy ounce of allocated gold stored in professional vault facilities. It combines the benefits of blockchain technology with the stability and intrinsic value of precious metals, allowing users to trade and transfer gold ownership digitally without taking physical possession. XAUT is unique because it bridges traditional commodity markets with cryptocurrency, offering transparency through regular audits while enabling fractional gold ownership and faster settlement compared to physical gold trading.