Transak has officially listed Tether Gold (XAU₮), a gold-backed stablecoin issued by Tether, on its global stablecoin onboarding platform, as per the reports shared with Finbold on Monday, July 7,
The listing allows users worldwide to purchase, transfer, and settle in gold-backed tokens without traditional intermediaries or physical storage requirements. Each XAU₮ token represents one troy ounce of physical gold stored in Swiss vaults.
Users in regions experiencing inflation or economic volatility can now buy real gold-backed tokens using local payment methods, including PIX and SEPA, directly from their wallets.
“At Transak, we’ve built the world’s most robust infrastructure for onboarding users into stablecoins, and adding Tether Gold is a natural evolution,” noted Sami Start, co-founder and CEO of Transak. “A gold-backed asset like XAU₮ expands the horizon. It offers people a path to preserve value in something time-tested, tangible, and globally trusted. We’re proud to make that accessible through Transak.”
Gold-backed alternative to fiat stablecoins
Tether Gold is backed 1:1 by physical gold stored in Swiss vaults. Each token represents one troy ounce of gold and operates on blockchain networks.
The token offers an alternative to fiat-pegged stablecoins, like the US Dollar and Euro, which remain tied to government monetary policies and central bank decisions.
The Transak integration allows users to purchase gold-backed tokens using standard payment methods without needing to store physical gold or use vault services.
Featured image via Shutterstock.