The post Tether Gold (XAUT) Listed on Maxbit appeared first on Coinpedia Fintech News
Tether has officially launched its gold-backed digital asset, Tether Gold (XAUT), on Maxbit, a leading Thailand-based cryptocurrency exchange. This is the first time Thai investors can access a tokenized gold product, marking a significant milestone in the country’s growing crypto ecosystem.
Here’s everything you need to know about this revolutionary development!
What is Tether Gold (XAUT)?
Tether Gold (XAUT) is a gold-backed stablecoin, fully backed by real gold. Each XAUT is equivalent to one troy ounce of physical gold, providing investors with a stable alternative during uncertain economic times.
Why Tether Gold Matters for Investors
- Inflation Hedge: Gold has long been regarded as the best hedge against inflation. Unlike other assets that claim to offer inflation protection, gold’s proven stability makes it the go-to asset for wealth preservation.
- 24/7 Liquidity: Unlike physical gold, Tether Gold offers instant liquidity, enabling investors to trade and exchange 24/7 on the Maxbit platform.
- Diversification: XAUT provides an additional option for those seeking to diversify portfolios amidst market volatility and economic uncertainty.
Tether CEO Highlights XAUT’s Value
Tether CEO Paolo Ardoino emphasizes that the listing of XAUT on Maxbit addresses the rising demand for secure, asset-backed digital solutions. He asserts that Tether Gold is an ideal tool for investors looking to preserve wealth and ensure long-term financial stability.
Thailand’s Growing Crypto Support
Thailand has already established itself as a crypto-friendly nation, with USDT being widely recognized for digital asset transitions. The listing of Tether Gold on Maxbit signifies Thailand’s increasing support for digital currencies, especially in its tourism-driven economy.With this move, Thailand is on track to become a leading cryptocurrency hub in Asia, attracting global investors and expanding its digital assets market.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Tether Gold (XAUT) is a digital token backed by real gold, with each token representing one troy ounce of physical gold.
XAUT offers the same gold value but with 24/7 trading, instant liquidity, and no need for physical storage.
