OCB — Trust Rating
XAUT Trust Rating
Tether · Token backed 1:1 by physical gold held in Swiss vaults.
XAUT (Tether) scores 72/100 on OnChain Benchmark's Verified Capital Trust Rating — Rated band — across four dimensions: disclosure quality 3/25, redemption liquidity 19/25, structural trust 15/25, and holder concentration 25/25 (methodology v1.1, as of Jul 7, 2026).
Verified Capital Trust Rating
OCB — 01
XAUT across four dimensions
Each dimension contributes up to 25 points to the composite trust rating. Last scored Jul 7, 2026 on methodology v1.1.
| Dimension | Score |
|---|---|
| Disclosure Quality | 3 / 25 |
| Redemption Liquidity | 19 / 25 |
| Structural Trust | 15 / 25 |
| Holder Concentration | 25 / 25 |
| Composite | 72 / 100 |
OCB — 02
Evidence behind the rating
A sample of the verified facts behind XAUT's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bitfinex hot wallet. Excluded.
Verified Jun 1, 2026· Etherscan label - Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Binance custody account. Excluded.
Verified Jun 1, 2026· Etherscan label - Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Tether own treasury wallet. Excluded from concentration.
Verified Jun 1, 2026· Etherscan label - Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". Bitfinex exchange custody account. Excluded.
Verified Jun 1, 2026· Etherscan label - Holder Concentrationaddress exclusion98% confidence
Etherscan label "Aave V3: aEthXAUt Token". DeFi protocol holding XAUT as collateral. Excluded.
Verified Jun 1, 2026· Etherscan label - Holder Concentrationaddress exclusion98% confidence
Etherscan label "Exchange". OKX custody account. Excluded.
Verified Jun 1, 2026· Etherscan label
OCB — 03
Key facts
- Issuer
- Tether
- Asset class
- Tokenized Commodities
- Collected chains
- Ethereum
- Catalogued, not collected
- Chain 56
- Methodology
- v1.0
- Last scored
- Jul 7, 2026
- Rubric
- Verified Capital Trust Rating
The interactive terminal shows every verified fact behind XAUT's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.