So kaufen Sie Tether Gold in Deutschland (Ratgeber 2026)

XAUt tracks the spot price of gold, not a dollar. Each token represents one troy ounce held in a Swiss vault by TG Commodities Limited, a Tether-affiliated issuer. The distinction from a stablecoin is important: holders take on full gold price volatility. XAUt can and does move several percent in a day when gold moves.

The token runs on Ethereum as an ERC-20 and on Tron as a TRC-20. These are separate deployments, and Tron-side transfers are significantly cheaper than Ethereum-side transfers. Most retail buyers on Bitfinex, where XAUt has historically had its deepest liquidity, take delivery in whichever chain the platform defaults to; confirm that default matches the chain your destination wallet is watching. Other listings include Kraken, Bybit, and Gate.io. US-regulated exchange access is limited compared with PAX Gold; Coinbase has not listed XAUt.

Physical redemption is available in theory but not practical for most retail holders. Tether requires a minimum holding in the low tens of tokens before a redemption request will be processed, and redemption delivers physical gold bars, not a spot sale. The standard mistake is buying a handful of XAUt expecting to eventually claim physical ounces on demand. In practice, holders sell the token back on an exchange at the prevailing market to realize gains; redemption is a back-office process for bar-quantity holders.

Before buying, confirm which chain the venue is using and whether your intended storage wallet supports that chain's XAUt contract. Check the official contract address at gold.tether.to rather than searching a DEX. If gold price exposure in a regulated US wrapper matters more than Tether's specific issuer setup, PAXG is the alternative most US buyers default to.