Each XAU₮ token represents ownership of one troy ounce of physical gold, with each token backed by a specific gold bar. It is available as an ERC-20 token on Ethereum and a TRC20 token on TRON, enabling transfers to any on-chain address from a Tether wallet.

Tether Gold offers zero custody fees and provides direct control over the physical gold, which is stored in a secure vault in Switzerland. This structure is designed to offer a digital method for holding and transferring gold ownership.