The popular stablecoin transmitter Tether widens its offer with Tether Gold (XAUT). Backed by gold, the token is now negotiable on Bitfinex.
On his website, Tether, subsidiary ofiFinex, announced the launch of Tether Gold (XAUT).
Building on a history of product innovation, each token XAUT represents the property of a fine troy ounce of physical gold on a specific gold bar. Tether Gold offers the possibility of holding gold while avoiding the disadvantages associated with physical gold, such as high storage costs, "the company wrote.
Tether affirm that gold supporting his digital pieces XAUT is stored in safes in Swiss, without however specifying the depositary.
Unveiled in November and developed in ERC-20 format on the blockchain Ethereum as well as in TRC20 format on the blockchain TRON, Tether Gold was naturally listed on the cryptocurrency exchange Bitfinex, which also belongs to the Hong Kong group iFinex.
Related posts:
GitHub Libra Code draws criticism from users 
Tipping on Reddit and Vimeo in BAT introduced by Brave 
Newcomers to the crypto market have to pay attention to scams and pump and dumps 
Hardly any growth in downloaded crypto apps, despite tripling price bitcoin 
Bloomberg accepts Bitcoin – says cryptomonads are here to stay 
The Central Bank can release their cryptocurrencies earlier than expected
