We’re glad to announce that the stablecoin Tether Gold (XAUT) is now available for trading on BitOasis. You can now buy, sell and swap Tether Gold on BitOasis Lite and Pro, available with 5 trading pairs:
- XAUT-AED
- XAUT-SAR
- XAUT-USD
- XAUT-USDT
- XAUT-BTC
This new listing is another step we take to make cryptocurrencies more accessible to investors of the region, providing them with a safe and easy way to trade major cryptocurrencies.
About Tether Gold
Tether Gold (XAUT) is a stablecoin issued by Tether, the same foundation behind USD Tether (USDT). Unlike most stablecoins that are usually pegged to the US dollar or other fiat currencies, XAUT is pegged to gold, and each Tether Gold token is the equivalent of a troy ounce of gold (31.1035 grams). Tether Gold tokens are backed by physical gold and make it easier to trade gold without going through the difficulties of storing and moving around gold bars or ounces.
As most traders strive to diversify their portfolios, Tether Gold represents a unique opportunity as it takes your investments beyond cryptocurrencies, to the oldest and most common store of value in the world. This comes with the convenience of not having to store physical gold, and avoiding the value loss associated with buying gold jewelry due to the extra fees.
Important Notice: BitOasis does not provide investment or legal advice. If this content, including attachments, contains guidance or expresses a view, this is not to be considered or relied upon as investment or legal advice and it is recommended that you obtain independent professional advice. Cryptocurrency trading/investing involves a substantial risk of loss and may not be suitable for every investor. If you do not fully understand these risks, you must seek independent advice from your financial advisor.
