Tether Gold (XAU₮) is a stablecoin designed to offer ownership of one fine troy ounce of gold on a 1:1 basis, represented by a physical gold bar adhering to the Good Delivery standard set by the London Bullion Market Association (LBMA). This innovative technology enables access to a stablecoin backed by physical gold ownership, while circumventing the challenges typically associated with physical gold, such as high storage costs and limited accessibility. Notably, XAU₮ tokens can be divided into fractions up to six decimal places, allowing for transactions as precise as increments of 0.000001 troy fine ounce.