We're pleased to announce that Bitfinex has listed Tether Gold (XAU₮), a stablecoin backed by physical gold. Trading in XAU₮ commenced on 24/01/20 at 2:30 PM UTC. XAU₮ can be traded with U.S. Dollar (XAUt/USD), tether (XAUt/USDt), and bitcoin (XAUt/BTC).
About Tether Gold (XAU₮)
XAU₮ is a digital asset offered by TG Commodities Limited. One XAU₮ token represents one troy fine ounce of gold on a London Good Delivery gold bar.
Holders of XAU₮ obtain the combined benefits of both physical and digital assets. XAUt token holders will be able to enjoy ownership of gold while avoiding drawbacks associated with physical gold, such as high storage costs and limited accessibility.
Today, Tether Gold (XAU₮) is the only product among the competition that offers zero custody fees and has direct control over the physical gold storage, safely held in a Switzerland vault, adopting best in class security and anti-threat measures.
For more information on XAU₮, please visit: gold.tether.to
This post is not an offer to sell or the solicitation of an offer to buy XAU₮. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as at the date of this press release) at gold.tether.to/legal.