Upbit, the largest crypto exchange in South Korea, has announced the listing of XAUT, also known as Tether Gold, with KRW, BTC, and USDT trading pairs. According to the notice cited in the source material, trading is set to begin from January 1, 2026, with transactions scheduled for 3:30 PM KST, or 6:30 AM UTC, on the Ethereum network. The exchange also said deposits and withdrawals would open within two hours of the announcement.
Trading limits introduced during the launch window
Upbit said it put short-term trading restrictions in place during the initial listing period to reduce early volatility. The source does not specify the exact parameters of those limits, but it does state that the measures were designed to manage price swings at launch. For local investors, the listing expands access to a gold-backed digital asset through a domestic trading venue.
Each XAUT token is backed by one troy ounce of gold
XAUT is presented as a tokenized gold product backed by physical reserves. The source states that each token represents one fine troy ounce of physical gold, supported 1:1 by gold bars that meet the LBMA Good Delivery standard. Those reserves are stored in Swiss vaults. The article frames XAUT as an on-chain form of gold exposure, in contrast to traditional gold ETFs.
Price slips on the day, but longer-term gains remain strong
At the time referenced in the source article, XAUT was down 0.2% over the past 24 hours to $4,332.01. Even so, it remained up 2.8% on a monthly basis and 65.25% on a yearly basis. The article also links the short-term decline to a broader crypto market dip of 0.76%.
The quoted prices in other pairs were 6,246,219 KRW, 0.04928 BTC, and 4,332 USDT per token. The source places the listing in the context of growing interest in tokenized real-world assets in Asia, noting that exchanges and regulators have shown increasing preference for transparent, asset-backed crypto products after extended volatility seen toward the end of 2025.