The BNB Chain network will now host Tether Gold (XAUt), the new launch announced by Tether this Thursday. In this way, the asset backed by physical gold integrates into one of the most widely used blockchain ecosystems worldwide. Tether CEO Paolo Ardoino reported that this expansion seeks to democratize access to the precious metal, making a product with a market capitalization of $2.49 billion accessible to hundreds of millions of Binance users.
For Real-World Assets (RWA) in the crypto sector, the integration of XAUt into BNB Chain is a major achievement. Each token has 1:1 backing with physical gold stored in Swiss vaults, providing investors with a hedge against typical volatility without the complications of physical custody. For BNB Chain developers, this integration brings an asset with low correlation to the crypto market, facilitating the creation of more robust and diversified decentralized finance (DeFi) products.
Binance has already enabled spot trading for key pairs such as XAUt/USDT and XAUt/BTC. This move coincides with a historic surge in gold, which has seen a 64% increase in value over the past year. The next step for users is the integration of these tokens into decentralized applications within BNB Chain for lending and global payments.
Source:https://n9.cl/fr33jk
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