XAUt-ZAR price

Tether Gold (XAUt) is a gold-backed cryptocurrency token issued by Tether. Each XAUt token is backed by one troy ounce of physical gold stored in a Swiss vault. Operating on the Ethereum blockchain as an ERC-20 token, the XAUt enables digital ownership with fractional trading and audited reserves for secure gold investment.

Right now, 1 XAUt is worth R .

Right now, 1 South African rand is equal to XAUt.

The XAUt is a good solution for anyone wishing to get exposed to the price of gold quickly, without minimum investment amounts and without having to worry about storing the actual metal. Just like gold, investing in XAUt is a good hedge against inflation and fiat currency devaluation over the long term, and can be a safe haven during crisis and uncertainties in the world. However, it is not a productive asset and doesn't generate any income, its only value comes from market demand.

Each XAUt token is backed by an actual fine troy ounce stored securely in a physical vault in Switzerland, and it can be redeemed for full gold bars there. It is not regulated nor publicly audited, but Tether being one of the largest financial companies in the world it can be considered safe. For a more detailed analysis of the safety of Tether Gold, read its rating on bluechip.org.

You never store XAUt in itself. Instead, you store the private key giving you access and control over a XAUt address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send XAUt, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy XAUt with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy XAUt.

You can swap XAUt here against one of the cryptocurrencies that we support, using any self-custodial Tether Gold wallet. For more information, have a look at our step-by-step tutorial on how to swap XAUt.

To cash out XAUt with us, you simply need to transfer your crypto to our address. We'll convert your XAUt in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell XAUt.