Bitfinex Makes History with aUSDT Listing
Bitfinex, a leading digital asset trading platform, has made headlines by becoming the first exchange to introduce aUSD, a USD-denominated tethered asset by Alloy by Tether. This groundbreaking move signifies a new era in the digital currency space, offering users a unique opportunity to engage in stable and reliable digital transactions.
A Game-Changing Approach to Digital Currency 🚀
The introduction of aUSDT represents a revolutionary shift in digital currency by linking its value to Tether Gold (XAU₮), backed by physical gold stability. Through innovative stabilization strategies like over-collateralization and secondary market liquidity pools, aUSDT maintains a consistent value alignment with its reference asset, setting it apart from traditional cryptocurrencies.
Key Features of aUSDT 🌟
- aUSDT serves as a stable unit of account backed by Tether Gold, ensuring value alignment with physical gold stability.
- Efficient ERC-20 token standard for 24/7 global trading and broader adoption.
- Combines security of gold with digital asset efficiency for institutional transactions.
Strategic Rollout and Trading Schedule 📈
- aUSDT will be accessible through two licensed entities, tailoring services to specific customer segments.
- Deposits of aUSDT start at 2:30 PM UTC on June 17, 2024, with trading scheduled for June 19, 2024.
- aUSDT tradable against US Dollars (aUSDT/USD) and Tether tokens (aUSDT/USDt) for enhanced liquidity.
Industry Praises for aUSDT 🎉
Henry Child, Head of Tokens at Bitfinex, expressed excitement about aUSDT’s innovative concept, lauding Tether’s commitment to revolutionizing tethered assets. The addition of aUSDT to Bitfinex’s token offerings signals a new chapter in digital asset trading.
Access and Compliance Guidelines 📝
For access to aUSDT on Bitfinex, users can visit the platform’s website and adhere to the terms of service (TOS). Certain restrictions apply to U.S. persons and prohibited entities, emphasizing Bitfinex’s commitment to compliance and regulatory standards.
Discover Bitfinex: A Hub of Innovation 🌐
Established in 2012, Bitfinex stands as a premier digital token trading platform, known for its cutting-edge services for traders and liquidity providers globally. Offering advanced trading features, peer-to-peer financing, OTC market access, and margin trading, Bitfinex caters to the needs of experienced traders with a focus on support, tools, and innovation.
By
By
By
By
By