Tether Gold enters Thailand with listing on Maxbit exchange

Tether, the issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold token in Thailand with a listing on the local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed digital asset, Tether Gold (XAU₮), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform is the first platform in Thailand to offer a “tokenized gold pair backed by physical gold. ”Launched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802 million, with each XAU₮ representing ownership of one troy ounce of gold source: https://cointelegraph.com/news/tether-gold-stablecoin-comes-to-thailand-with-listing-on-maxbit-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound