Tether Gold is a stablecoin protocol from TG Commodities Limited which maintains a 1-to-1 peg between the price of its token (XAUT) and one troy ounce of gold. The project offers a novel way for holders to gain direct exposure to physical gold, which is held by the company in a Swiss vault. XAUT is the native stablecoin for the protocol used by holders to gain exposure to the price of gold, hedge against financial instability and transact in a peer-to-peer manner.