---
title: "Tenbin Gold (tGLD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/tgld-tenbin/"
description: "Build-time stablecoin profile for Tenbin Gold (tGLD). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-27"
---



# Tenbin Gold (tGLD)

**Peg:** Gold

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

tGLD is Tenbin's tokenized gold note, but unlike PAXG or XAUT it holds no vaulted metal. Each token is a Tenbin AssetCo (BVI) debt-note representing the U.S.-dollar value of one troy ounce of gold, collateralized by USDC and hedged with CME gold futures rather than allocated bullion. Mint and redemption are KYC-gated through a Controller and a backend signer that holds the on-chain minter role, and redemptions settle in a USD stablecoin instead of physical metal. Launched on Ethereum mainnet in February 2026 after a $7M Galaxy Ventures-led seed and four security audits, it remains in private beta -- roughly $0.3M outstanding across about 36 holders, with its only public market a near-dormant Uniswap V4 pool and no independent proof-of-reserves attestation. Pharos lists tGLD as pre-launch until its public price feed updates frequently enough to clear the gold pricing-freshness gate; a staked yield variant (stGLD) and testnet FX siblings (tBRL, tMXN) round out Tenbin's roadmap.

## Collateral

Synthetic gold exposure, not vaulted bullion: each token represents the USD value of one troy ounce of gold at the LBMA PM spot price. Backed by USDC held on-chain and at prime broker Hidden Road, with gold price exposure obtained via CME gold futures. Issued as a Tenbin AssetCo (BVI) SPC debt-note (a UCC Article 12 controllable electronic record)

## Peg Mechanism

KYC-gated mint and redemption through a Controller that processes off-chain signed orders; a Tenbin backend signer holds the on-chain minter role. Redemption pays the gold-denominated value in a USD stablecoin, not physical metal. On-chain pricing uses a Chainlink tGLD/USD blended price feed

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| British Virgin Islands | N/A | N/A |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x6a547b25534234bb79ce6961a23db13de154b6f4` | 18 |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.