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Tether Gold (XAUt) is a digital asset that represents a claim on physical gold, making it a stable and reliable option for investors looking to hedge against market volatility. Each XAUt token is backed by one troy ounce of gold, stored in a secure vault, allowing users to trade gold on blockchain without the complexities of traditional gold ownership.
NEAR Protocol is a decentralized application platform designed to facilitate the development and deployment of scalable and user-friendly applications. It utilizes a unique consensus mechanism called Nightshade that enhances throughput while minimizing latency, making it ideal for developers and users alike.