Bybit Launches Options Trading for Tether Gold

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

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New Product Launch: Bybit launched options for Tether Gold (XAUT) on June 12, 2026, marking the first options market for a tokenized real-world asset, integrating RFQ and liquidity partnership with Orbit Markets to enhance quote certainty and liquidity.
Market Scale Signal: As of May 15, 2026, XAUT boasts a market cap exceeding $2.7 billion, reinforcing its position as the leading gold-backed token and indicating the viability and potential growth of the options market.
Incentive Program: Bybit's “The Gold Hunt” promotion from June 1 to 30, 2026, features a 77,640 USDT prize pool and volume thresholds exceeding $2 billion to stimulate early trading activity and attract market makers.
Hedge and Risks: While XAUT options may provide a hedge during macroeconomic stress, the presence of token, exchange, and basis risks means they do not serve as a perfect substitute for COMEX or ETF exposure, necessitating careful risk assessment by investors.

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Technical Analysis for XAUt

Technical Sentiment Analysis for Tether Gold (XAUt). As of , Tether Gold (XAUt) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 0 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XAUt stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XAUt is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Tether Gold (XAUt) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	3707.758	3863.879	4048.758	4204.879	4389.758	4545.879	4730.758
Fibonacci	3863.879	3994.141	4074.617	4204.879	4335.141	4415.617	4545.879

About XAUT

Tether Gold (XAU₮) is a stablecoin that provides ownership on a 1:1 basis of one fine troy ounce of gold on a physical bar of gold that meets the Good Delivery standard of the London Bullion Market Association (LBMA). This technology allows access to a stablecoin that provides ownership of physical gold while avoiding the drawbacks associated with physical gold, such as high storage cost and limited accessibility. Note: XAU₮ tokens can be fractionated up to six decimal places (i.e. in increments as small as 0.000001 troy fine ounce).

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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