Tether Gold

The issuer's reserves report states that the gold belongs to the token holders, not to TG Commodities.

“The Gold Reserves are owned by the XAU₮ token holders, not by the Company.”

The custodian holds the gold for token holders; each holder is a third-party beneficiary of the custody contract and may bring claims against the custodian, within that contract's limits.

“The Custodian holds the Gold Reserves on behalf of the Gold Token holders, and each is an intended third-party beneficiary of that contract, and is entitled to bring claims against the Custodian, subject to the limitations on claims and liability set forth in the agreement with the Custodian.”

TG Commodities is authorised as a stablecoin issuer and digital asset service provider under El Salvador's Digital Asset Issuance Law and is supervised by the National Commission of Digital Assets.

“TG Commodities, S.A. de C.V. has obtained authorisation as a Stablecoin Issuer and Digital Assets Service Provider under the Digital Asset Issuance Law of El Salvador, and is subject to the regulatory requirements specified by the National Commission of Digital Assets of El Salvador.”

The Tether Gold terms are governed by the laws of the British Virgin Islands.

“These Terms shall be governed by and construed and enforced in accordance with the Laws of the British Virgin Islands, and shall be interpreted in all respects as a British Virgin Islands contract.”

A redeeming holder can have the bar sold through a broker; the sale proceeds, minus fees, are paid by wire in fiat.

“If the bullion bar is successfully sold via a broker dealer, the user will receive the proceeds from that sale, less applicable fees set out in the Gold Token Fee Schedule in effect at the time of redemption, via a wire transfer of Fiat.”

A redeeming holder can take physical delivery of the bar(s) within Switzerland or ask Tether Gold to arrange a sale through a licensed broker.

“As further described in the Terms, a redeeming holder can elect to either (a) have Tether Gold contact a licensed gold broker to facilitate a potential sale, or (b) take physical delivery of the bullion bar(s) within Switzerland.”

Only verified Tether Gold customers can buy tokens from Tether Gold or redeem them through the site.

“In order to purchase Gold Tokens from Tether Gold and to have them redeemed through orders submitted through the Site, you must be a verified customer of Tether Gold.”

Verification as a Tether Gold customer requires a non-refundable 150 USDt deposit.

“By submitting a verification request you agree that the 150 USDt deposit is non-refundable.”

Tether Gold may delay redemptions or purchases if gold reserves are illiquid, unavailable or lost, or if law or a government requires it.

“Tether Gold reserves the right to delay the redemption or purchase of Gold Tokens if the delay is necessitated by the illiquidity or unavailability or loss of any Gold Reserves backing the Gold Tokens or as otherwise required by Laws or demanded or lawfully requested by any Government.”

As of 30 Sep 2025 the issuer's reserves report states at least one fine troy ounce of gold in reserve for each XAUt.

“Therefore, for each XAU₮ token, there is at least one fine troy ounce of gold in the Gold Reserves.”

The gold bars are vaulted in Switzerland.

“The Gold Reserves are vaulted in Switzerland.”

BDO Italia's reasonable-assurance opinion covers the reserves report at one point in time, 30 Sep 2025, and no other date.

“The reporting date is limited to a point in time as of 30 September 2025.”

Tether Gold may freeze tokens held by a user as required by law or where it decides in its sole discretion that this is prudent.

“Tether Gold may suspend or terminate your access to the Site or any of the Site Services, freeze any Gold Tokens held by you, or terminate your Gold Token Wallet, as required by applicable Law or where Tether Gold, in its sole discretion, determines it is prudent to do so”

In November 2021 Tether Gold moved XAUt to a new ERC-20 contract and reinstated balances there.

“We’re pleased to announce the launch of a new ERC20 contract address for Tether Gold.”

XAUt is created only after the custodian has received the corresponding gold.

“XAU₮s are created only following receipt of the corresponding gold by the Custodian.”

Tether Gold may amend its terms at any time without prior notice.

“These Terms may be amended, changed, or updated by Tether Gold at any time and without prior notice to you.”