Paolo Ardoino has stressed the importance of the upcoming XAUT listing on the Binance exchange.
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U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Paolo Ardoino, the chief executive officer at Tether, has taken to his X account to give an official comment on the upcoming listing of the recently launched stablecoin XAUT by the world’s largest crypto exchange, Binance.XAUT is a ticker for Tether Gold, and as is clear from the title, this stablecoin is backed with the world’s most precious metal and the oldest store of value and inflation hedge – gold. However, Binance will list it with a seed tag, meaning that this asset is new and could show high volatility. XAUT will be paired with several major cryptocurrencies for trading. The new spot pairs are XAUT/USDT, XAUT/BTC, XAUT/U, XAUT/USDC, and XAUT/TRY.XRP Needs This Breakout for $2 Run, Bitcoin Trendline Shows Price's Future, Shiba Inu Hunts for 100 EMA: Crypto Market ReviewAccording to the post by Binance, users can already start depositing XAUT to start trading later. Withdrawals will be open on March 27 at 13:30 .As reported by U.Today earlier, the leading player in the stablecoin market, Tether, with a huge $184 billion market capitalization value and a global user base of more than 550 million, has engaged a “Big Four” accounting firm to conduct its first full independent financial statement audit. It will be “the biggest ever inaugural audit in the history of financial markets,” Tether claims. The intention to conduct this audit underscores Tether’s dedication to show the financial and crypto worlds that its main product, USDT, is fully backed, highly liquid and has world-class risk management behind it. Besides, Tether comments: “The audit engagement reflects the company’s longstanding dedication to global accessibility, financial empowerment, and the unrestricted movement of value across borders, contributing to a more stable society globally.”
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