XT.com, the world’s first social digital asset exchange with more than six million registered users and more than 500,000 monthly active users, has moved to support more stablecoins on its platform to offer its customers more trading pair options. Tether Operations Limited, the organization responsible for the management of the first and widely adopted stablecoin Tether, has announced its plans to list Euro Tether (EURT) and Tether Gold (XAUT) on XT.COM from its website.
Specifically, the team announced on Wednesday that EURT and XAUT will be listed under the USDT trading pair in the ‘main region’ (or DeFi category). It is worth noting that XAUT is a digital asset that represents physical gold ownership. Specifically, each XAUT token represents ownership of 1 troy ounce of gold in the London Good Delivery gold bar, according to stablecoin developer Tether. The EURT, on the other hand, is a stablecoin pegged 1:1 to the euro and serves as a digital representation of the fiat currency.
Tether, the company behind the development of EURT and XAUT, expressed their excitement over XT.com’s move to support both stablecoins. It is worth noting that the exchange, which was founded in 2018, currently supports USDT, the leading stablecoin in terms of market cap, liquidity and adoption. Tether’s CTO, Paolo Ardoino, stated that they welcome XT.COM’s decision to provide users around the world with access to digital assets backed by the euro and physical gold.
As the leading stablecoin company known for its liquidity, expanding market share and widespread adoption, Tether underlines their commitment to promoting financial freedom and economic inclusion for global communities.