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
- 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.
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.
Thailand offers tax exemptions on crypto earnings from investment tokens and VAT-free trading on licensed exchanges as of January 1, 2024.
