Tether Gold (XAUt) API and Price Oracle

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Tether Gold

For informational use only; request a custom oracle/API for production below.
General information
Contract address
Smart contract address of the asset
Blockchain network where the asset is deployed
Pricing methodology used to determine the price of the token in USD. By default, all price feeds on the DIA App are calculated with a MAIR methodology. This parameter is customisable.Learn more about methodologies.
Update frequency
120 seconds is the default update frequency. This parameter is customisable.Learn more about oracle updates.
Next update
24h Volume
The total volume captured by DIA across all the integrated sources.
Volume 24h
Trades 24h
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Token information

What is Tether Gold (XAUt)?

Tether Gold (XAUt) is a digital asset that represents ownership of one troy ounce of gold held in a Swiss vault. It was launched in 2020 by Tether Limited, the same company behind the popular stablecoin Tether (USDT). XAUt aims to combine the stability of gold with the efficiency and flexibility of blockchain technology. It offers investors a convenient way to gain exposure to gold without the need for physical storage or ownership.

How does Tether Gold work?

Tether Gold (XAUT) is a popular stablecoin issued by Tether Limited, which aims to provide a digital representation of physical gold. It operates on the Ethereum blockchain as an ERC-20 token, making it compatible with various wallets and decentralized applications (dApps).

At its core, Tether Gold combines the stability of traditional gold investments with the flexibility and speed of blockchain technology. Each XAUT token is backed by one troy ounce of gold held in a secure vault. This means that for every unit of Tether Gold in circulation, there is an equivalent amount of physical gold stored.

The underlying technology behind Tether Gold involves the use of blockchain oracles. These oracles ensure that the token maintains its pegged value to gold. They periodically verify the balance of gold held in the vault and provide this information to the smart contracts governing the token. In this way, transparency and trust are achieved within the system.

To acquire Tether Gold, users can either purchase it directly from authorized exchanges or convert their existing physical gold into XAUT tokens through designated merchants. Redemption of tokens for physical gold is also possible through the Tether platform, subject to certain minimum requirements.

Tether Gold provides investors and traders with the opportunity to diversify their portfolios with a digital representation of gold, while avoiding the complexities and inefficiencies associated with traditional gold investments. It offers the potential for seamless global transactions, instant settlements, and increased liquidity.

What are the benefits of Tether Gold?

Tether Gold (XAUT) is a cryptocurrency issued by Tether, the company behind the popular stablecoin Tether (USDT). It is a digital representation of physical gold, with each token backed by one troy ounce of gold held in a vault.

One of the key benefits of Tether Gold is its convenience and accessibility. Unlike traditional gold investments that require physical storage or complex financial instruments, Tether Gold can be easily bought, sold, and transferred on various cryptocurrency exchanges. This provides users with a more efficient and liquid way to invest in and own gold.

Compared to its direct competitors, Tether Gold offers a number of advantages. Firstly, the transparency and credibility of Tether's operations and backing reserves have been a point of focus for the company, which has undergone independent audits to provide assurances regarding the token's gold reserves.

Secondly, Tether Gold provides users with the ability to easily verify the existence and ownership of the physical gold backing the tokens through the use of blockchain technology. This level of transparency is not always present in other gold-backed cryptocurrencies.

Lastly, Tether Gold benefits from the widespread acceptance and usage of Tether's stablecoin, USDT, which is one of the most popular and widely adopted stablecoins in the market. This integration allows for seamless interaction between Tether Gold and the broader cryptocurrency ecosystem.

In summary, Tether Gold offers convenience, transparency, and the backing of physical gold, making it an attractive option for individuals looking to invest in gold in a digital and accessible way. Its features distinguish it from direct competitors in the gold-backed cryptocurrency space.

What is Tether Gold used for?

Tether Gold (XAU₮) is a digital asset that runs on the Ethereum blockchain. It is designed to provide stability and security by representing ownership of one troy ounce of physical gold. Tether Gold has several use cases, which are commonly utilized by individuals and institutions.

One common case for Tether Gold is as a store of value. By owning XAU₮ tokens, investors can easily hold and transfer gold-backed assets without the need for physical custody. This enables individuals to hedge against inflation and diversify their investment portfolios by including a tangible asset like gold.

Another use case for Tether Gold is in the DeFi (Decentralized Finance) space. XAU₮ can be integrated into decentralized lending platforms, allowing users to borrow against their gold holdings without the need to liquidate them. This provides liquidity and flexibility to investors who want to access funds without selling their gold assets.

Furthermore, Tether Gold can be used in cross-border transactions and remittances. By leveraging the efficiency and security of blockchain technology, individuals can transfer XAU₮ across borders with reduced costs and faster settlement times compared to traditional methods.

Elaborating on a specific case, suppose a jewelry company wants to expand globally and needs to purchase substantial amounts of gold. Instead of dealing with complex logistics and security concerns associated with physical gold transportation, the company can utilize Tether Gold. By converting their funds into XAU₮, they can easily purchase the required amount of gold in a secure and efficient manner. This eliminates the need for physical gold transportation while maintaining the authenticity and value of the underlying asset.

Overall, Tether Gold is primarily used as a digital representation of physical gold, offering stability, liquidity, and accessibility to investors, as well as facilitating various financial activities in the digital space.

What is DIA's Tether Gold API?

DIA's Tether Gold API is a part of DIA's comprehensive suite of API endpoints that provide real-time price feeds for various crypto assets, including Tether Gold. These price feeds are built using raw data sourced from over 85 on-chain and off-chain cryptocurrency and NFT exchanges, resulting in accurate and reliable information.

DIA offers both free API endpoints for developers to test and fully customizable custom feeds. The free API endpoints can be accessed on the asset's detail page in the DIA App and are available in a standardized format for informational purposes. While these free feeds are useful for testing, DIA's custom feeds offer a more tailored and flexible solution.

Custom API data feeds provided by DIA can be customized according to specific requirements. This includes selecting sources, methodologies, update mechanisms, and more. To request a custom feed, users can reach out to DIA via Discord or Telegram.

The importance of custom feeds should not be understated, as they allow users to have more control over the data and tailor it to their specific needs. This level of customization is particularly beneficial for developers and businesses operating within the blockchain ecosystem.

DIA's API endpoints have a wide range of use cases across the blockchain ecosystem. In DeFi, the price information from DIA's APIs can be applied to derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. Similarly, in NFTfi, the API feeds enable peer-to-pool NFT lending and borrowing, on-chain NFT derivatives, NFT renting, NFT fractionalization, and other applications.

Overall, DIA's Tether Gold API, along with its other price feed APIs, offers developers and businesses valuable and customizable data solutions to enhance their blockchain operations.

What is DIA's Tether Gold price oracle?

DIA's Tether Gold price oracle is a smart contract that provides real-time price feeds for crypto assets, including Tether Gold. DIA sets itself apart by being integrated with over 35 layer 1 and layer 2 networks, enabling the deployment of price oracles across multiple blockchains. What makes DIA's price feeds unique is their construction through sourcing raw data from more than 85 on-chain and off-chain cryptocurrency and NFT exchanges, encompassing billions of individual trades.

While DIA offers (free) demo oracles for developers to test, these are solely intended for testing purposes and cannot be integrated into production applications. However, DIA also offers the option of building custom price feed oracles tailored to specific requirements. Custom feeds can be customized in terms of sources, methodologies, update mechanisms, and more. To request a custom feed, users can connect with DIA via Discord or Telegram.

DIA's custom oracles provide significant flexibility and utility for users. They can be utilized in various ways within the blockchain ecosystem, particularly in the realms of DeFi and NFTfi. Potential use cases for DIA's price oracles include derivatives, options and futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more.

To clarify, a blockchain oracle is an external information provider that supplies verified data from outside the blockchain to smart contracts. DIA acts as a blockchain oracle by offering accurate and real-time price feeds that can be leveraged by decentralized applications.

For more information on DIA's price oracles, including usage guidelines and documentation, interested individuals can refer to DIA's website at https://docs.diadata.org/.

Why use DIA's XAUt API & price oracle?

DIA's XAUt API and XAUt Price Oracle offer numerous benefits for users in the blockchain ecosystem. One of the key advantages is the high level of customizability provided by DIA's technology. Users can tailor each oracle and API endpoint to meet the specific requirements of their decentralized applications. This includes configuring the data sources, data cleaning filters, pricing methodologies, and update mechanisms for the price feed. By customizing these parameters, users can ensure that the data and oracle remain robust and resilient to market conditions, providing both global and individual or cross-chain market prices.

Transparency is another major benefit of using DIA's API and Oracle feeds. DIA is committed to providing full and granular transparency throughout the entire data journey. Users can have full visibility into how the data is sourced, filtered, and calculated to produce the final price points. Additionally, DIA offers tracking and monitoring tools that enable users to closely monitor the performance of the oracle and API feeds.

Overall, leveraging DIA's XAUt API and XAUt Price Oracle allows users to access accurate and reliable price data for cryptocurrencies and NFTs. The customizable nature of DIA's technology ensures a tailored solution for every user, while the transparency of the data journey provides confidence in the integrity of the price data. Whether users are looking for global market prices or specific individual or cross-chain market prices, DIA's API and Oracle feeds offer a robust and dependable solution.

Why use DIA data feeds and oracles?

DIA provides full insight on the oracle’s data journey as well monitoring tools to track feeds in real-time.
Oracles can be tailored to any use case in terms of data sources, methodologies and update mechanisms and much more.
Broadest coverage
DIA provides price oracles for 3,000+ cryptocurrencies: from blue-chip tokens to long-tail assets.