Tether Gold (XAUt) Is Now Live on BitOasis

BitOasis has listed Tether Gold (XAU₮) on its platform, giving users access to a gold-backed digital asset that tracks the price of physical gold. The exchange said the token offers a way to gain exposure to gold without the need to hold or store bullion directly.

XAU₮ is designed as a digital claim on one fine troy ounce of physical gold held in Swiss vaults. Each token is backed on a 1:1 basis by gold bars that meet the London Bullion Market Association's Good Delivery standard, according to BitOasis. The token is divisible to six decimal places, meaning users can buy as little as 0.000001 ounces of gold.

The asset does not require storage fees, transport logistics or interaction with gold dealers and vaults, the exchange said. It can be traded 24/7, moved across borders quickly, and redeemed for physical gold delivered to addresses in Switzerland. BitOasis also highlighted that bar allocations can be checked, providing on-chain transparency.

The listing arrives as the price of gold has risen roughly 80% over the past 12 months, with BitOasis citing the metal's performance as evidence of stronger demand for traditionally resilient assets during a period of global economic uncertainty. A company FAQ puts gold's 12-month gain at 85.61%, although past performance is not a guarantee of future results.

BitOasis cautioned that gold prices can swing because of macroeconomic conditions, monetary policy, global events and market sentiment, and that digital asset trading involves substantial risk of loss. The exchange said it offers the token as a flexible digital way to access gold markets, not as an investment recommendation or guarantee of returns.