Tether Gold XAU₮ Now Available on Maxbit Thailand Exchange
By: cryptotale org|2025/05/13 21:45:06
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Tether Gold XAU₮ gives users the power to hold and trade gold directly on the blockchain.Maxbit is the first exchange in Thailand to list XAU₮ with round-the-clock access.This launch comes as Thailand expands digital tools for savings and financial growth.According to Tether’s official blog dated May 13, 2025, Tether Gold (XAU₮) has been listed on Maxbit, a Thai digital exchange. This launch makes Maxbit the first exchange in Thailand to offer access to XAU₮, a tokenized gold asset backed 100% by physical gold. Each XAU₮ represents one troy ounce of gold and is available 24/7 for global trading through blockchain networks.Bridging The Actual Gold with Blockchain TechnologyTether Gold offers shareholders the stability and convenience of digital assets. Each token is backed by physical gold, which is securely stored and fully verifiable. As of April 28, 2025, 246,523.33 ounces, equivalent to over 7.7 tons of gold, support the circulating supply of XAU₮. According to the Q1 2025 attestation report, XAU₮ has a market cap of $770 million, which evidently demonstrates a high demand amidst the global shift in finances. Rising inflation, geopolitical tensions, and market uncertainty have greatly contributed to increasing interest in stable, gold-backed digital products.Paolo Ardoino, the CEO of Tether, said, “Tether Gold combines the timeless value of physical gold with the efficiency and accessibility of blockchain technology”. He added that the listing on Maxbit facilitates satisfying the user’s appetite for resilient, asset-backed financial solutions. Supporting this notion, Mr. Pokkhet Ratchakitprakarn, CEO of Maxbit, stated, “Launching XAU₮ is an important step in bringing Thai investors to high-stability, real-value investment possibilities.”Thailand Strengthens Its Role in Digital Asset InnovationThailand proceeds to position itself as a regional leader in blockchain-based finance. The Thai Securities and Exchange Commission (Thai SEC) recently approved USD₮ as a recognized cryptocurrency for digital asset transactions. This move has further established regulatory clarity for blockchain-based assets in the country.Also, Thailand’s Deputy Prime Minister recently announced a pilot program exploring the use of cryptocurrency in tourism initiatives aimed at enhancing financial inclusion within the service sector. Related: Kyrgyzstan Backs New Digital Dollar Coin with Gold ReservesA Digital Path to Stable, Gold-Backed InvestingWith XAU₮, investors can diversify their portfolios with a globally recognized safe-haven asset, without relying on traditional gold markets. The token allows seamless transfers, full ownership, and redemption options, all supported by blockchain technology.The listing also shows Tether’s endeavor to eliminate barriers to finance and offer open-door access to preserved-value assets throughout the world. Can digital gold become the next form of safe, inflation-proof investment in Asia and elsewhere in the future?The post Tether Gold XAU₮ Now Available on Maxbit Thailand Exchange appeared first on Cryptotale.
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