Gold on the blockchain: What is XAUt? International gold prices have risen 35% in a year, why are some calling for a return to the 'Gold Standard'?

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There’s also gold on the blockchain, not only safely stored in bomb-proof vaults in Switzerland, but also with a pure history and quality! In the second episode of the special feature series 'Understanding Real World Assets (RWA) through Tokenized Gold', we will take a deep dive into tokenized gold Tether Gold (XAUt).

Wayne Huang, co-founder and CEO of XREX, discussed in this episode that XREX's newly listed token XAUt is a very competitive and unique tokenized gold. XAUt is a stablecoin launched in collaboration with Tether, the world's largest stablecoin issuer, and TG Commodities Limited, a UK precious metals trader, which is tied to the value of gold, with each XAUt backed by corresponding physical gold reserves.

Compared to US dollar stablecoins, which have reserves in US dollars or US treasuries, physical gold is stored in vaults, eliminating concerns about the risks of mismanagement by custodians like banks. At the same time, XAUt is a token on the blockchain, with a standardized specification that can circulate globally, unlike traditional purchases of gold which have transfer restrictions.

There are hundreds of tokenized gold products on the market. Winston Hsiao, co-founder and chief revenue officer of XREX, mentioned that the gold bars backing XAUt come from two major Swiss mints, ensuring high quality and purity.

International gold prices have risen over 35% this year. This episode dives deep into whether the world will return to the 'Gold Standard'. Winston believes that returning to the gold standard is like 'currency martial law', and he thinks it will not happen. What are the reasons behind this?

When talking about gold, Bitcoin is also referred to as 'Digital Gold'. What is the difference with gold, which has a thousand-year history and derives its value through human consensus? At the end of this episode, there’s a little bonus; Wayne recently traveled to Switzerland to attend Tether's annual meeting Plan B and engaged in many interesting discussions about gold, which exists like a 'safety belt'. When humans mess everything up, can gold truly become the last lifeline?

Web3 Big West

Hosted in rotation by Wayne Huang and Winston Hsiao, co-founders of XREX, and Yoyo, senior director of corporate communications at XREX Group, this episode helps you understand the concept of decentralization and see the Web3 world from multiple perspectives.

Episode Summary

  • There’s also gold on the blockchain! What is XAUt?

  • There are many types of tokenized gold, what are the features of XAUt? Unveiling the advantages behind it.

  • International gold prices have surged over 35%! Is it possible to return to a 'Gold Standard' system?

  • Gold Showdown: What is the difference between 'Digital Gold' Bitcoin and 'Tokenized Gold'?

  • Gold is a safety belt! What insights did Wayne gain at the PlanB annual meeting in Switzerland?

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Music Source

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This segment is a collaboration between XREX and (WEB3+)

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