Tether Gold (XAUT) is a token that is pegged to real gold. Each coin is backed by one troy ounce of gold stored in a Swiss vault.

Essentially, it's like buying gold but in digital form. It can be traded 24/7, easily transferred, and even divided into smaller parts. A great way to diversify your portfolio without the hassle of physical metal.

The catch is that you get all the benefits of gold as a safe-haven asset, but with all the conveniences of cryptocurrency.