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Tether Gold (XAUT) Officially Available on Maxbit
Tether officially launched Tether Gold (XAUT) on the Maxbit platform
Tether has launched the digital asset Tether Gold (XAUT) backed by gold on Maxbit, a leading cryptocurrency exchange in Thailand. This is the first time Thai investors can access the digitized gold product, marking a milestone in the cryptocurrency ecosystem of this 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 during times of economic instability.
Why is Tether Gold important for investors?
As a tool for inflation hedging: Gold has long been considered the best means of protecting against inflation. Tether Gold provides 24/7 liquidity, allowing investors to trade easily on Maxbit.
Diversifying the investment portfolio: XAUT offers additional options for those looking to diversify their assets amid market fluctuations.
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 secure digital asset solutions. He stated that Tether Gold is the ideal tool for investors looking to protect their assets and ensure long-term financial stability.
Thailand and the support for cryptocurrency is increasing
Thailand has established itself as a cryptocurrency-friendly country with USDT being widely recognized. The listing of Tether Gold on Maxbit demonstrates increased support for cryptocurrency in Thailand, particularly in the tourism economy.
This move helps Thailand get closer to its goal of becoming the leading cryptocurrency hub in Asia, attracting global investors and expanding the digital asset market.
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