AZG vs XAUT
Same asset class, side by side. A dash is a field the public record does not fill.
| Field | AZ Gold Reserve | Tether Gold |
|---|---|---|
| Ticker | AZG | XAUT |
| Asset class | Gold | Gold |
| Issuer | AZ Reserves Ltd | TG Commodities, S.A. de C.V. |
| Issuer jurisdiction | — | El Salvador |
| Regulator | — | Comisión Nacional de Activos Digitales (CNAD), El Salvador. Registered as a stablecoin issuer and a digital asset service provider. The Relevant Information Document says registration does not certify the tokens. |
| Token type | Reserve-backed digital asset linked to pledged bullion, in-ground resources and above-ground resources. | Digital asset. Each token is an undivided specific interest in one fine troy ounce of gold on a specific LBMA London Good Delivery bar. |
| Custodian | — | A Swiss related-party custodian. The Relevant Information Document does not publish the legal name. Gold is vaulted in Switzerland. |
| Auditor | Hashlock (smart-contract audit of the AZ Reserves Ltd token contracts, final report v2). This is a code audit, not a reserve attestation. | An independent accounting firm prepares quarterly reports on the Gold Reserves. The Relevant Information Document does not name the firm. |
| Chains | Ethereum | Ethereum, BNB Chain |
| Fees | — | No custody fee, as stated at launch. Primary-market purchase and redemption fee of 25 basis points in the Relevant Information Document. Account verification fee of 150 USDT, credited after successful verification. Physical delivery in Switzerland is charged separately. |
| Redemption | Arizore terms say the operator does not guarantee liquidity, market access, convertibility or a redemption pathway. | KYC-verified customers only, and only for a full gold bar. Holders are generally asked to deposit at least 430 XAUT. Delivery is to an address in Switzerland, or the issuer can sell the bar on the Swiss market and pay the proceeds. |
| Minimum unit | — | 1 fine troy ounce per token, fractionalized to 0.000001 fine troy ounce. Primary-market minimum purchase is 50 XAUT. |
| Launched | — | 2020-01-23 |
| Website | https://arizore.io/ | https://gold.tether.to/ |
| CoinGecko id | — | tether-gold |
| Market cap | — | — |
| Supply | — | — |