PAXG vs XAUT: how the two gold tokens differ
Compare backing, issuer safeguards, redemption considerations, launch history, and indexed networks for the two best-known gold tokens.
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Both tokens represent allocated gold, but their issuer, custody evidence, redemption path, and network availability are different.
The differences that matter
Both products point to one fine troy ounce of allocated gold per token. The operational wrapper is where the comparison changes.| Question | PAXGPax Gold | XAUTTether Gold |
|---|---|---|
| Issuer | Paxos Trust Company | Tether |
| Backing described | One fine troy ounce of allocated London Good Delivery gold per token | One fine troy ounce of allocated LBMA Good Delivery gold per token |
| Launched | Sep 2019 | Jan 2020 |
| Indexed networks | EthereumSolana | EthereumBNB Chain |
| Issuer risk index | ||
| Primary product record | Paxos product page | Tether Gold product page |
How to choose between them
The ticker is not the decision. Start with the network you can use, then verify the legal and redemption path available to you.Match the network
In the current index, PAXG is represented on Ethereum and Solana; XAUT is represented on Ethereum and BNB Chain. Confirm the exact contract before transacting.
Read the redemption terms
“Allocated gold” does not make delivery rules identical. Minimums, location, identity checks, fees, and eligible jurisdictions can determine whether redemption is practical for you.
Inspect the issuer evidence
Compare legal standing, custody, assurance work, operating history, and contract surface—not only the spot price or token symbol.
