Transak, the leader in onboarding stablecoins, has listed a gold-backed stablecoin, Tether Gold (XAU₮). The move makes it much easier to access a store of value that has been trusted by people for millennia.
The gold-backed stablecoin XAU₮ is a stablecoin pegged to gold and issued by Tether.
Each token represents one troy ounce of physical gold held in secure Swiss vaults.
The integration allows users worldwide to buy and own tokenized gold through Transak, utilizing local payment solutions such as PIX, SEPA, and others, directly from their wallets. There is no need to use third parties, vaults, and international issues.
XAU₮ provides a fixed asset not pegged either to central banks or inflationary monetary strategies. It combines the timeless resilience and cross-party esteem of gold with the executing capability and reach of blockchain to facilitate convenient, electronic possession and transfer of real-world value.
The co-founder and CEO at Transak, Sami Start, underlines the importance of this step; “A gold-backed asset like XAU₮ expands the horizon. It offers people a path to preserve value in something time-tested, tangible, and globally trusted. We’re proud to make that accessible through Transak.”
Generally speaking, the launch of Tether Gold on Transak is a game-changer in the world of financial inclusion in a scenario that is plagued with inflation, currency devolution, and increasing interest in decentralized assets. It presents a modern solution compared to the conventional savings methods primarily used by individuals in economically unstable areas.
This listing will turn gold into a 21st-century asset through the simple ease of use of the platform by anyone with a phone, a bank account, and an internet connection; buy, hold, and send gold instantly anywhere in the world.
Also Read: Tether Mints Additional 1 Billion USDT on Ethereum Network
