Gate News Bot Message, January 12th, according to CoinMarketCap data, as of press time, XAUt (Tether Gold) is currently priced at $4597.27, up 2.05% in the past 24 hours, with a high of $4677.45 and a low of $4406.57. The current market capitalization is approximately $1.881 billion, an increase of $37.7 million compared to yesterday.
Tether Gold is a leading global gold token, and XAUt is a digital token backed by physical gold. Gold, as a store of value and a diversified asset in investment portfolios, has historically shown a negative correlation with stocks and other financial instruments, effectively reducing overall portfolio volatility and risk. XAUt digitizes gold through blockchain technology, allowing investors to own physical gold while enjoying the benefits of digital assets.
XAUt features easy divisibility, portability, 24/7 trading, easy verification, and exchangeability. Investors can verify their gold allocations at any time on the official website. All physical gold supporting XAUt is stored in secure vaults. Additionally, XAUt tokens can be exchanged for physical gold and shipped to any address in Switzerland. The platform has introduced Scudo as a new unit of value, with 1 Scudo equivalent to 1/1000 of an XAUt (ounce of gold), providing investors with a more convenient trading method.
Recent Important News about XAUt:
1️⃣ Scudo New Accounting Unit Officially Launched to Improve Gold Asset Usability
Tether officially launched Scudo as a new accounting unit for XAUt, defined as one-thousandth of a troy ounce of gold, equivalent to one-thousandth of XAUt. This innovation makes gold price quoting clearer and transfers more convenient, allowing users to trade directly in whole or partial Scudo units without complex decimal fractions. This improvement, amid rising gold prices, further enhances XAUt’s practicality as a store of value and medium of exchange, helping to expand market participation in gold assets.
2️⃣ International Gold Prices Hit Record Highs, On-Chain Gold Trading Gains Momentum
As gold prices reach new all-time highs, the enthusiasm for gold trading continues to grow, and the attention on XAUt as a representative on-chain gold product has significantly increased. The platform has launched multi-dimensional trading incentives around gold, including perpetual contracts, joint margin, wealth management, and spot trading, further expanding ways for users to participate in on-chain gold. This market enthusiasm provides demand support for XAUt’s price appreciation.
3️⃣ Exchange Incentives Strengthen, XAUt Ecosystem Application Scenarios Expand
The trading platform’s XAUt trading incentive activities include spot fee discounts, trading competition rewards, wealth management products, and more, with annualized returns reaching up to 100%, enriching investor participation options. These incentives help improve XAUt’s trading liquidity and market activity, promoting the ecosystem development and application expansion of its tokenized gold product.
This message is not investment advice; please be aware of market volatility risks.
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