STRICT-Score
Max. Potenzial
7.2x
Potenzieller Ertrag
Wahrscheinlichkeit
65%
Erfolgschance
Risikoniveau
6.5/10
Hohes Risiko
Marktkapitalisierung
$2.34B
Volumen
$253.73M
STRICT-Score Aufschlüsselung
Unser proprietäres Bewertungssystem evaluiert Projekte anhand von 6 Schlüsseldimensionen.
Analyseübersicht
Analyseübersicht
Tether Gold (XAUT) is a digital asset backed 1:1 by physical gold stored in Swiss vaults. Each token represents one troy ounce of London Good Delivery gold. As of December 2025, XAUT dominates the tokenized gold market with approximately $2.2 billion market capitalization, representing 50% of the sector. Issued by TG Commodities Limited, XAUT provides exposure to gold price movements on-chain through Ethereum and Tron networks. Tether holds 116 tons of gold backing its ecosystem, with 7.7 tons specifically supporting XAUT tokens, according to Q1 2025 attestation reports.
Investitionsthese
XAUT offers institutional and retail investors blockchain-native exposure to gold price movements with superior liquidity and accessibility compared to traditional gold investment vehicles. Each token tracks physical gold stored in LBMA-certified Swiss vaults, providing a hedge against inflation, currency debasement, and geopolitical instability. Tether's massive distribution network, deep exchange liquidity, and multi-chain presence (Ethereum, Tron, LayerZero expansion) give XAUT significant advantages over competitors like PAXG in terms of market reach and trading accessibility. With gold up 60% in 2025 and the tokenized gold market value tripling to over $4 billion, XAUT benefits from both precious metals momentum and accelerating crypto adoption. However, the investment case depends entirely on Tether's credibility, custodial arrangements, and continued attestation reporting. For investors seeking gold exposure within crypto portfolios, XAUT provides efficient on-chain access with lower friction than physical gold or ETFs.
Wettbewerbsposition
XAUT leads the tokenized gold market with $2.2B market cap versus PAXG's $1.5B, together controlling nearly 90% of the sector. While PAXG dominates daily transfer volume (85%) and tokenholders (88%), XAUT has superior market capitalization growth. Key differentiators: PAXG operates under strict NYDFS regulation with Brink's custody and monthly audits, offering bar-level transparency and easier retail redemption. XAUT leverages Tether's ecosystem reach, multi-chain presence, and lower entry barriers but lacks equivalent regulatory oversight. XAUT suits traders prioritizing liquidity and Tether integration; PAXG appeals to compliance-focused institutions. Both track physical gold 1:1, but PAXG's regulatory framework provides stronger trust guarantees while XAUT offers broader accessibility.
Fazit
Tether Gold provides efficient on-chain gold exposure with market-leading liquidity and Tether's distribution advantages. The 1:1 gold backing and Swiss vault storage offer credible physical asset linkage, though transparency lags behind PAXG's regulatory standards. With gold up 60% in 2025 and tokenized gold adoption accelerating, XAUT serves its purpose as a digital gold vehicle. However, potential gold price corrections and persistent Tether transparency concerns warrant caution. Suitable for traders seeking gold exposure within crypto ecosystems, but institutions requiring maximum regulatory compliance should consider PAXG instead.
Stärken
- 1:1 gold backing verified by quarterly attestations
- Market leader with 50% share of tokenized gold sector
- Tether\
- ,
- ,
- ,
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- s 60% rally
- Lower fees compared to traditional gold investment vehicles
Risiken
- Tether transparency concerns persist despite attestations
- Less regulatory oversight than PAXG (no NYDFS supervision)
- Counterparty risk with TG Commodities Limited
- Limited redemption options for retail holders
- No individual bar serial number lookup like PAXG offers
- Custodian concentration in Swiss vaults
- Gold price correction risk (analysts warn of potential drop to $3,500)
- Dependent on Tether\
Kommende Katalysatoren
LayerZero cross-chain deployment expansion
Zeitrahmen: Q1 2025
Continued gold price momentum toward $4,500+
Zeitrahmen: H1 2025
Preisziele
Gold consolidates to $3,500-$3,800 range if FOMO-driven rally corrects. XAUT tracks 1:1.
Gold maintains $3,800-$4,200 supported by central bank buying and geopolitical tensions.
Gold reaches $4,500-$4,800 if dollar weakens further and institutional demand accelerates.
STRICT-Score
Bewertung: 72/100 | Potenzial: 7.2x
Haftungsausschluss: Diese Analyse dient nur zu Informationszwecken und sollte nicht als Finanzberatung betrachtet werden. Führen Sie immer Ihre eigene Recherche durch, bevor Sie Anlageentscheidungen treffen. Investitionen in Kryptowährungen sind volatil und mit erheblichen Risiken verbunden.