Cryptocurrency Q&A
What blockchain is tether gold on?
What blockchain is tether gold on?
ShadowFox
Mon Oct 14 2024
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5 answers
955
Tether Gold is a stablecoin backed by gold, issued by Tether, a leading stablecoin issuer. It is based on the Ethereum blockchain and also exists on the TRON blockchain, allowing efficient and secure transactions of gold-backed digital assets.Holders of Tether Gold can redeem their tokens for physical gold, providing a unique combination of the stability of gold and the flexibility of digital assets.
5 answers
Silvia
Wed Oct 16 2024
Tether Gold represents a unique stablecoin concept that ties its value directly to a physical asset, gold. This innovative approach ensures stability and transparency for investors in the highly volatile world of cryptocurrencies.
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Stefano
Wed Oct 16 2024
The ERC-20 token standard, adopted by Tether Gold's XAUT token, facilitates seamless integration with a wide range of wallets and exchanges. This compatibility enhances accessibility and usability for crypto enthusiasts and traders alike.
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Martino
Tue Oct 15 2024
Each XAUT token is backed by one troy ounce (31.1 grams) of gold, a precious metal known for its stability and value as a store of wealth. This direct link to gold provides a tangible anchor for the token's value, making it an attractive option for investors seeking stability amidst market fluctuations.
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Federico
Tue Oct 15 2024
BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services that cater to the diverse needs of the crypto community. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at the current market price, and futures trading, enabling advanced traders to speculate on future price movements.
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CryptoQueenBee
Tue Oct 15 2024
In addition to its trading services, BTCC also provides a secure wallet solution for storing digital assets. This feature ensures that users can safely store their XAUT tokens and other cryptocurrencies, knowing that their investments are protected from unauthorized access and theft.
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