Key takeaways
Luno is running 0% fees on Tether Gold (XAUT) buys through the broker from 1 to 31 October.
Tether Gold is a token that represents ownership of physical gold, issued by Tether.
The promotion applies to buys made through the broker. T&Cs apply.
What is Tether Gold?
Tether Gold, traded under the ticker XAUT, is a token issued by Tether that represents ownership of physical gold. According to Tether, each token is backed by one troy ounce of gold held in a Swiss vault. As with any token that references an external asset, holders are relying on the issuer's custody and redemption processes, which sit outside Luno's platform.
What is the October promotion?
From 1 to 31 October, Luno is enabling 0% fees on Tether Gold buys made through the broker. During this period, buying XAUT through the broker will not carry the usual trading fee.
The promotion is part of Luno's partnership with Tether, aimed at increasing awareness and adoption of both USDT and XAUT in the markets where these products are available.
Why would someone buy Tether Gold?
Gold has historically been used as a way to diversify a portfolio, given its behaviour differs from equities and most cryptocurrencies. Tokenised gold products like XAUT aim to combine that diversification with the accessibility of trading on a crypto platform, including the ability to buy in smaller denominations than a physical gold bar or coin would typically allow.
Frequently asked questions
What is the ticker for Tether Gold?
Tether Gold trades under the ticker XAUT.
When does the 0% fee promotion run?
From 1 October to 31 October 2026.
Is Tether Gold the same as owning physical gold?
No. It is a token that represents a claim on gold held by Tether, rather than direct physical ownership.
