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I just saw some of you asking what XAU is on crypto groups, so I want to clarify a bit. XAUUSDT Perp is not a new token at all; it’s just a futures contract tracking the international spot gold price. XAU in global finance represents one troy ounce of gold, so XAUUSDT Perp is a gold price derivative product against USDT, not related to any blockchain ecosystem or layer-1 tokens.
The cool thing is this contract is USDT-Margined Perpetual, with margin and PnL calculated in stablecoin, so it’s not tied to Ethereum, Solana, BNB Chain, or any other chain. Some of you might confuse it with Tether Gold (XAUt) — that’s a real gold token issued by Tether backed by physical gold, but completely different from the XAUUSDT Perp I see on futures platforms.
Looking at the app, if it shows ‘XAUUSDT Perp’ with Long/Short buttons and a countdown like futures, it’s a gold spot derivative product, not a new coin project from any ecosystem. I see many people confused about this, so I’m sharing to clarify.