How to redeem Tether Gold (XAUT) for physical gold

First, confirm you hold the real token

Only tokens from the official contract can ever be redeemed. Tether's supported-protocols page lists the XAUT contract on Ethereum as:

0x68749665FF8D2d112Fa859AA293F07A622782F38

Check this against Tether's official supported-protocols page before moving any tokens. A different address — including one from older announcements — is not the current redeemable token.

What each token represents

Every XAUT represents ownership of one fine troy ounce of gold on a specific physical bar meeting the London Bullion Market Association's "London Good Delivery" standard. The bars are held by a custodian in a Swiss vault on behalf of token holders, and each bar is identifiable by a unique serial number, weight and purity. TG Commodities operates a Look-up Website at gold.tether.to where you can see which bar your tokens are allocated to.

The redemption process, step by step

1. 1

   Confirm the token contract

   Before anything else, check that your tokens are the real thing. Tether's supported-protocols page lists the official XAUT contract on Ethereum as 0x68749665FF8D2d112Fa859AA293F07A622782F38. Only that address is the redeemable token.

2. 2

   Check which bar your tokens are allocated to

   Each XAUT represents one fine troy ounce of a specific London Good Delivery bar, identifiable by serial number, weight and purity. TG Commodities' Look-up Website at gold.tether.to shows the bar your address's tokens are allocated to.

3. 3

   Open and verify an account with TG Commodities

   Redemption is only available to a KYC Verified Customer of the issuer, TG Commodities, S.A. de C.V. The onboarding process carries a 150 USDT verification fee.

4. 4

   Deposit enough tokens for a full bar

   Redemptions happen only in whole bars. Bars weigh roughly 385–415 fine troy ounces, so holders are generally asked to deposit about 430 XAUT to cover a full bar; any excess tokens are returned.

5. 5

   Choose delivery in Switzerland or a market sale

   The bar can be delivered to a location of your choosing in Switzerland — delivery outside Switzerland is not currently offered — or you can ask TG Commodities to attempt to sell the bar in the Swiss gold market and remit the proceeds to you in US dollars.

6. 6

   Pay the redemption fee and receive the gold

   The redemption fee is 25 bps (0.25%) of the redemption cost, plus the cost of physical delivery to your chosen Swiss location. On redemption the tokens are removed from circulation, and the gold is yours.

• Verification: becoming a KYC Verified Customer carries a 150 USDT verification fee.
• Redemption fee: 25 bps (0.25%) of the redemption cost.
• Delivery: you pay the cost of physical delivery to your chosen location in Switzerland.
• Whole bars only: partial-bar redemption is not offered; excess deposited tokens are returned.
• Switzerland only: delivery outside Switzerland is not currently offered; onward transport is your responsibility.
• Completion: redeemed tokens are removed from circulation once the gold leaves the vault.

All figures above come from the issuer's Relevant Information Document as published on gold.tether.to, and can change — confirm the current terms with TG Commodities before starting a redemption.

A full gold bar is a serious allocation. If you hold less than ~430 XAUT — or simply want liquidity rather than a bar — the ordinary route is to sell or swap your tokens on the market at the going gold price. SwapRocket lists XAUT on Ethereum (ERC-20), so you can exchange it for another cryptocurrency without an account. You can read more about how the token works in our Tether Gold profile.

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