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tether ltd, one of the largest suppliers stablecoins, recently announced the introduction of a token called Tether Gold (XAU ₮). It represents Swiss gold and was based on blockchain Ethereum i TRON.

Tether Gold (XAU₮) - Premiere

Information officially provided by Tether about the launch of a new one token caused a great stir in the environment cryptocurrency. In a press release, the company announced that the tether called Tether Gold (XAU ₮) is secured with physical gold and represents one troy ounce, i.e. 31,10 grams (worth nearly $ 1550 at the moment).

Also check: Gold on the blockchain - the most valuable precious metal has been tokenized

Swiss gold and a high degree of security

Nowy token Tether is available on the Ethereum blockchain (ERC-20) and TRON blockchain (TRC20).

The company ensures that gold is stored Swiss locker. Treasury is to provide the highest quality security systems, so users don't have to worry gold loss risk.

Although no detailed information is provided on this issue, Tether assures that has direct control on the physical storage of gold.

He emphasizes that, unlike competitors, he does not charge for storage of this type of product.

The gold supplier is a licensed British company, a long-time supplier of precious metals.

Two groups of tokens

As the creators assure Tether Gold (XAU ₮), the new token also provides the benefits of physical and digital resources, thus eliminating the disadvantages of traditional gold storage methods, such as high storage costs and limited access.

Tokens from both groups are fully compatible with the portfolios Tether (USDT). There are many indications that Tether, which has already managed to revolutionize the cryptocurrency market, will shake it again, but to confirm this assumption you have to wait a little longer for the first results of the offer.

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