Tether Announces BitMart Listing of Euro Tether (EUR ₮) and Tether Gold (XAU ₮)

05/01/2023 13:31 • AI Insights • 280 views

On May 1st, Tether announced that Euro Tether (EUR ₮) and Tether Gold (XAU ₮) had launched BitMart, a cryptocurrency exchange. BitMart users can now purchase stable currency EUR ₮ linked to the euro and stable currency XAU ₮ representing gold ownership.

Euro Tether (EUR ₮) and Tether Gold (XAU ₮) launched BitMart on the cryptocurrency exchange

Tether, the world’s largest stablecoin issuer by market value, recently made an announcement on May 1st, 2021, stating that two of its stablecoins – Euro Tether (EUR ₮) and Tether Gold (XAU ₮) had been listed on BitMart, a prominent cryptocurrency exchange platform. As a result of this listing, BitMart now permits its users to purchase stable currency EUR ₮, which is linked with the Euro, and stable currency XAU ₮, representing gold ownership.

Introduction

Tether, with $58 billion worth of total assets under its management, has been quite ubiquitous. It has become one of the most recognizable crypto players in the market; widely used by individuals and institutions across the globe. Keeping the market momentum going strong, Tether is now penetrating the European and gold markets through BitMart.

What is Euro Tether (EUR ₮)?

Euro Tether (EUR ₮) is a stablecoin pegged to the Euro. One of the significant advantages of using EUR ₮ is that it allows you to trade in Euros without having to pay any transaction fees. Additionally, it permits you to conduct transactions instantly at any time, as it runs on the blockchain – meaning it’s decentralized, transparent, and immutable.

What is Tether Gold (XAU ₮)?

The Tether Gold (XAU ₮) is different from other stablecoins in that it’s backed up by a particular asset – gold. Every XAU ₮ token represents one troy ounce of pure gold. Hence, owning XAU ₮ means you have an indirect ownership of gold bullion. You can also use it to trade or store your gold securely without the hassle of physical storage.

BitMart Listing of Euro Tether (EUR ₮) and Tether Gold (XAU ₮)

BitMart, a renowned digital asset exchange, has successfully listed Euro Tether (EUR ₮) and Tether Gold (XAU ₮) as tradable assets on its platform. Now, BitMart users can buy, sell, and trade EUR ₮ and XAU ₮ with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
Adding EUR ₮ and XAU ₮ to BitMart’s listings has proven to be an excellent strategic move given the global adoption and popularity of Tether. It is expected that a lot of traders and investors will flock to BitMart, locate the newly listed assets, and add them to their portfolios – encouraging a new level of market liquidity!

Benefits of Buying Stable Coins on BitMart

One significant advantage of purchasing stable coins (e.g., EUR ₮ and XAU ₮) on BitMart is the tight spreads. BitMart has exceptionally low spreads compared to most other peer-to-peer or centralized platforms. Also, BitMart has installed secure and powerful security systems to ensure your investment’s safety. Additionally, Now that Euro Tether (EUR ₮) and Tether Gold (XAU ₮) are listed on BitMart, you have easier access to these otherwise scarce assets.

Conclusion

Overall, Tether’s strategic move to list Euro Tether (EUR ₮) and Tether Gold (XAU ₮) on BitMart is a welcome development in the crypto trading space. BitMart offers traders better pricing, security and gives them easy access to these scarce stablecoins. These two profitable assets are worth watching, especially for traders seeking to add a fiat-pegged stable coin or gold to their portfolio while still enjoying the accessibility and flexibility of a regular cryptocurrency.

Frequently Asked Questions

1. Why is BitMart listing EUR ₮ and XAU ₮ a significant development?
Answer: BitMart listing EUR ₮ and XAU ₮ promotes trust in Tether’s ecosystem and provides access to additional markets.
2. How can I benefit from trading stable coins on BitMart?
Answer: One of the significant benefits of trading stable coins on BitMart is security, low spreads, and improved liquidity.
3. Will more stable coins be added to BitMart in the future?
Answer: Possibly! BitMart is continually adding new assets to its platform. Keep an eye on the listings page to stay updated on new additions.

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