Tether officially launched Tether Gold (XAUT) on the Maxbit platform
Tether has launched the gold-backed digital asset Tether Gold (XAUT) on Maxbit, a leading cryptocurrency exchange in Thailand. This is the first time Thai investors can access the digitized gold product, marking a turning point in the cryptocurrency ecosystem of the country.
What is Tether Gold (XAUT)?
Tether Gold (XAUT) is a stablecoin fully backed by real gold. Each XAUT corresponds to one troy ounce of gold, providing stability for investors in times of economic uncertainty.
Why is Tether Gold important for investors?
As an inflation hedge tool: Gold has long been considered the best inflation hedge. Tether Gold offers 24/7 liquidity, allowing investors to trade easily on Maxbit.
Diversifying the investment portfolio: XAUT provides an additional option for those looking to diversify assets amidst market volatility.
The value of XAUT according to Tether CEO
Paolo Ardoino, CEO of Tether, emphasized that the listing of XAUT on Maxbit meets the growing demand for safe digital asset solutions. He asserts that Tether Gold is the ideal tool for investors looking to protect their assets and ensure long-term financial stability.
Thailand and the growing support for cryptocurrency
Thailand has established itself as a cryptocurrency-friendly nation with USDT being widely recognized. The listing of Tether Gold on Maxbit demonstrates the strengthening support for cryptocurrency in Thailand, especially in the tourism economy.
This move brings Thailand closer to its goal of becoming the leading cryptocurrency hub in Asia, attracting global investors and expanding the digital asset market.
Source: https://tintucbitcoin.com/tether-gold-xaut-chinh-thuc-co-mat-tren-maxbit/
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