The Listing of EUR₮ and XAU₮ on XT.COM
Tether, the stablecoin issuer, has announced the listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on XT.COM, a social-infused exchange. This move allows users on the platform to transact with EUR₮, a stablecoin pegged to the euro, and access XAU₮, which represents ownership of physical gold. The addition of these stablecoins expands the offerings on XT.COM and provides users with more options for trading.
Key Points:
- EUR₮ and XAU₮ have been listed on XT.COM, the “world’s first social-infused exchange”.
- Users can transact with EUR₮, a stablecoin pegged to the euro, and access XAU₮, which represents ownership of physical gold.
- Tether, the company behind these stablecoins, aims to unlock financial liberation and foster economic inclusivity.
- XAU₮ and EUR₮ have market caps of $474 million and $44 million, respectively.
- Tether’s dominance has grown due to the banking crisis and stablecoin market turbulence, reaching a circulation peak above $83 billion.
Tether’s expansion of stablecoin offerings on XT.COM comes at a time when the stablecoin sector is facing increased scrutiny. The addition of EUR₮ and XAU₮ provides users with more options for trading and highlights Tether’s commitment to financial inclusion. With XAU₮ representing ownership of physical gold and EUR₮ pegged to the euro, these stablecoins offer users the opportunity to diversify their holdings and transact in stable digital assets.
Hot Take:
Tether’s listing of EUR₮ and XAU₮ on XT.COM demonstrates the company’s dedication to expanding the stablecoin market and providing users with more options for trading. By adding stablecoins pegged to the euro and backed by physical gold, Tether is catering to the needs of investors and traders who are looking for stable digital assets with diverse underlying assets. This move also showcases the growing dominance of Tether in the stablecoin space, as it continues to gain market share and acceptance worldwide.