Tenbin Gold (tGLD) Pre-launch Stablecoin Tracker
tGLD
Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Full launch status and history
Live on Ethereum mainnet since 2026-02-10 in private beta (about $597K market cap, 139.74 tGLD, 72 holders on September 27 2026, up from ~54 tGLD and ~36 holders in June). tGLD is a synthetic gold debt-note from Tenbin AssetCo (BVI) SPC: USDC-collateralized with gold exposure hedged via CME futures, KYC-gated mint/redeem, redeemable in USD stablecoin (no physical metal). Its only public market is a dormant Uniswap V4 tGLD/USDC pool, and CoinGecko's tenbin-gold price ($4,272.46, $597,027 market cap, 139.74 circulating) updated same-day on September 27 2026 on $2.20 of 24-hour volume, so the feed is currently fresh while trading remains near zero; the 14-day price history endpoint returns no points, so freshness continuity is unproven and the gold price-freshness gate has not been re-run. Live tracking begins once a usable public price feed exists. A staked variant stGLD (ERC-4626) exists, and sibling FX tokens tBRL and tMXN are now listed as Ethereum mainnet deployments in the Tenbin docs; in May 2026 Tenbin deprecated LayerZero following internal security audits and migrated tGLD (and the FX siblings) exclusively to Chainlink CCIP. Q3 2026 audit reports from Zellic and Verilog were published to the contracts repository on August 26 2026; remediation fixes landed through August 31, v1.5.1 and bug-bounty information followed on September 14, and the docs still describe the proof-of-reserves framework as coming soon.
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Gold
- Jurisdiction
- British Virgin Islands
Launch Timeline
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/subscribe launch tgld-tenbinActivity Timeline
Tenbin ships v1.5.1 and a bug bounty after landing audit remediations
Following the August 3 audit publications, Tenbin landed Verilog remediation fixes from August 21 to 31, including P0 and P1 severity items, then tagged v1.5.1 and added bug-bounty information on September 14. The beta float is unchanged at 139.74 tGLD with 72 holders on September 27, and CoinGecko's tenbin-gold price updated same-day on $2.20 of 24-hour volume.
SourceQ3 2026 audits by Zellic and Verilog published with remediation reports
Reports dated August 3 2026 (Zellic final, Verilog marked draft) with remediation notes were added to the tenbin-contracts repository on August 26 2026, followed by fix commits through August 31. Whether the remediated contracts are deployed on mainnet is not stated.
SourceJPEG Trading launches RWA curation with tGLD as inaugural Euler asset
JPEG Trading launched an RWA curation business with tGLD as its inaugural curated asset, deploying the first DeFi lending vaults for tGLD on Euler with co-deployed capital.
Source$7M seed led by Galaxy Ventures
Galaxy Ventures led a $7M seed with Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, and Bankless Ventures.
SourceSecurity audits completed
Independent audits by Spearbit, Fuzzland, Verilog, and 0xleastwood, alongside Certora formal verification.
SourceSynthetic Gold Debt-Note
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 with a small float (under 150 tGLD across a few dozen holders in mid-September 2026, roughly triple June's figure), its only public market a near-dormant Uniswap V4 pool and no independent proof-of-reserves attestation, which the docs still describe as coming soon. In May 2026 Tenbin retired LayerZero and moved tGLD's cross-chain messaging to Chainlink CCIP, and in August it published a second audit round from Zellic and Verilog with remediation notes; a staked yield variant (stGLD) and the FX siblings tBRL and tMXN, now on Ethereum mainnet, round out the line-up. Pharos lists tGLD as pre-launch until its public price feed updates frequently enough to clear the gold pricing-freshness gate.
Updated
Discover
Galaxy Digital leads $7M investment in Tenbin to build improved tokenized gold and FX markets
Tenbin Labs raised a $7M seed led by Galaxy Ventures to build an on-chain tokenization protocol for gold and FX, starting with the gold token tGLD.
JPEG Trading launches RWA curation business with tGLD on Euler
JPEG Trading launched an RWA curation business with tGLD as its inaugural curated asset, standing up the first DeFi lending vaults for tGLD on Euler.
Planned Collateral Composition
Target Chains
Links
Related Stablecoins
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