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Tether Gold became the largest gold-based stablecoin, reaching a capitalization of $ 21 million

  • CRYPTO MINING BLOG
  • Mar 11, 2020
  • No Comments
  • Tether Gold
  • Crypto News | Cryptocurrencies
Tether Gold стал крупнейшим стейблкоином на базе золота, достигнув капитализации в $21 млн

The capitalization of the Tether Gold stablecoin (XAUT) tied to gold exceeded $ 21 million. This makes it the largest precious metal asset of all that is represented on the crypto market today.

In particular, the company notes in a press release that it managed to outperform its closest competitor PAX Gold (PAXG) – it has a capitalization of $ 18 million.

“Tether Gold really started off,” said Tether Technical Director Paolo Ardoino. “But I think that this is nothing compared to the potential of the new asset, especially from the standpoint of increased investor interest in diversifying risks and capital security amid political instability.”

Ardoino expressed the hope that the capitalization of Tether Gold will reach “at least 100 million US dollars.”

The launch of Tether Gold took place in January 2020. Stablecoin “grants the right to own one troy ounce of pure material gold in a particular gold bullion.” According to the issuer, the gold used to secure the XAUT is in Swiss storage.

Tether also offers the possibility of redeeming stablecoin with real gold from 50 troy ounces, which at the current rate is about $ 81,000.

XAUT’s current capitalization of $ 21 million, however, represents only a small fraction of the value of Tether USDT’s main product. Its capitalization is $ 4.65 billion.

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LINK Binance Сбой на Binance позволил трейдеру купить 900 тыс. токенов LINK за $90The failure on Binance allowed the trader to buy 900 thousand LINK tokens for $ 90 XRP became the most unsuccessful large crypto asset for investments in 2020XRP became the most unsuccessful large crypto asset for investments in 2020 solkroad-1.jpgUS authorities seized $ 19 million in a Silk Road case Tether transferred 15 million USDT tokens to Liquid network for more anonymous transfersTether transferred 15 million USDT tokens to Liquid network for more anonymous transfers Over the past day, the cryptocurrency market capitalization has grown by more than $ 30 billion.Over the past day, the cryptocurrency market capitalization has grown by more than $ 30 billion. Binance received approval for stablecoin BUSDBinance received approval for stablecoin BUSD Ethereum / Ethash miner WisdomTree запустит обеспеченный $63 млрд активов стейблкоинWisdomTree will launch secured stablecoin $ 63 billion assets Bitcoin becomes a digital version of gold in the eyes of investorsBitcoin becomes a digital version of gold in the eyes of investors Binance received approval for stablecoin BUSDBinance enters the South Korean market and launches woncoin stablecoin Crypto News При переводе 51511 биткоинов на сумму около $450 млн комиссия составила менее $0.25When transferring 51511 bitcoins in the amount of about $ 450 million, the commission was less than $ 0.25
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