From the Tether Gold website:
Tether Gold (Gold) is a digital asset offered by TG Commodities Limited. One full XAUt token represents one fine troy ounce of gold on a London Good Delivery bar.
The XAUt token can be transferred to any on-chain address from the purchasers’ Tether wallet where it is issued after purchase. Specific gold bar(s) will be associated with each on-chain address where Tether Gold is held.
Services / Products Available
E-commerce facility
Bullion Bars
Bullion Coins
Numismatic Coins
Investment/Retirement Vehicles
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Birch Gold Group
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