- Tether announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM, a social-infused exchange.
- This new development will enable users on the platform to access XAU₮ – which represents ownership of physical gold – as well as transact with EUR₮ – a stablecoin pegged 1:1 to the euro.
- The addition of EUR₮ and XAU₮ will also allow users on XT.COM to gain access to two stablecoins developed by Tether.
Tether Announces Expansion of Euro EURT, XAUT
Tether, a leading stablecoin issuer, recently announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM, which is being touted as the “world’s first social-infused exchange.” This latest move will enable users on the platform to access XAU₮ – which represents ownership of physical gold – as well as transact with EUR₮ – a stablecoin pegged 1:1 to the euro.
What are EURT and XAUT?
Launched by Tether in 2020, XAU₮ represents ownership of one troy ounce of gold held in a Swiss vault controlled by the company. EUR₮, on the other hand, is a euro-pegged stablecoin also supported by Tether that mirrors the euro via a decentralized network. Currently, XAU₮ and EUR₮ have market caps of $474 million and $44 million respectively.
Increased Scrutiny in Stablecoin Sector
The expansion news comes amidst increasing scrutiny in the stablecoin sector. The addition of EURT and XAUT will also allow users on XT.COM to gain access to two stablecoins developed by Tether. On this upcoming listing Paolo Ardoino CTO at tether said that it further emphasizes our steadfast commitment to unlocking financial liberation and fostering economic inclusivity for communities worldwide.
Benefits for UsersWith this new listing ,users can now use XAUT representing one troy ounce of gold held in swiss vaults controlled by tether or use EURT peggged 1:1 with euro via decentralized network . This makes it easier for users all over world to access these coins easily without any hassles .
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In conclusion ,the additionnof EURT amd EAUT is an important step towards providing more options for people all over world who want better financial freedom . This lisitng further highlights tethers commitment towards providing more economic inclusion for people worldwide .