Tether Gold (XAUT) Listed on Maxbit
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.
- Also Read :
- Tether CEO Paolo Ardoino Announced New Project : Tether ai
- ,
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.
Thailand offers tax exemptions on crypto earnings from investment tokens and VAT-free trading on licensed exchanges as of January 1, 2024.
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