Tagged: tether gold

As Gold Sets Highs Past $1,900 Per Troy Ounce, Stablecoin Issuer Tether Claims Demand for its Gold-backed Crypto, XAU₮, has Also Surged

July 26, 2020 @ 1:01 pm By Omar Faridi |

Tether Gold (XAU₮), a crypto-asset offering ownership of physical gold (XAU) that’s reportedly custodied in Switzerland, has experienced a significant increase in its demand as the price of gold surged past $1,900 a troy ounce – which may have been due to the economic uncertainty… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged commodities, crypto-assets, digital assets, distributed ledger technology, dlt, gold, gold bullion, paolo ardoino, physical gold, tether, tether gold

Hong Kong-based Digital Asset Exchange Bitfinex Introduces Margin Trading for Tether’s New Gold-backed Stablecoin

January 31, 2020 @ 7:56 am By Omar Faridi |

Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confirmed it will support margin trading for XAU₮ with trading pairs for major fiat currencies including the US dollar and Bitcoin (BTC). Bitfinex’s… Read More

Read more in: Blockchain & Digital Assets, Asia, Global, Investment Platforms and Marketplaces | Tagged bitfinex, crypto-assets, digital assets, gold-backed stablecoins, leveraged trading, margin trading, stablecoins, tether gold, Tether Ltd.