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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.
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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.
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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.
