{"id":119883,"date":"2023-07-09T05:18:09","date_gmt":"2023-07-09T05:18:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/tether-announces-expansion-of-euro-eurt-xaut-on-worlds-first-social-infused-exchange-crypto-news\/"},"modified":"2023-07-09T05:18:12","modified_gmt":"2023-07-09T05:18:12","slug":"tether-announces-expansion-of-euro-eurt-xaut-on-worlds-first-social-infused-exchange-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tether-announces-expansion-of-euro-eurt-xaut-on-worlds-first-social-infused-exchange-crypto-news\/","title":{"rendered":"Tether Announces Expansion of Euro EURT, XAUT on &#8216;World&#8217;s First Social Infused Exchange&#8217;\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The stablecoin issuer announced the listing of Euro Tether (EUR\u20ae) and Tether Gold (XAU\u20ae) on XT.COM, which is being touted as the &#8220;world&#8217;s first social-infused exchange.&#8221;  The latest move will enable users on the platform to access XAU\u20ae \u2013 which represents ownership of physical gold \u2013 as well as the ability to transact with EUR\u20ae \u2013 a stablecoin pegged 1:1 to the euro.<\/p>\n<p>The expansion news comes amid increasing scrutiny in the stablecoin sector.<\/p>\n<ul>\n<li>The addition of EUR\u20ae and XAU\u20ae will also allow users on XT.COM to gain access to two stablecoins developed by Tether, the company said in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/tether.to\/en\/euro-tether-eurt-and-tether-gold-xaut-to-be-listed-on-xtcom\/\" data-wpel-link=\"external\">statements<\/a>,<\/li>\n<li>Tether CTO Paolo Ardoino weighed in on the upcoming listing and stated,<\/li>\n<\/ul>\n<blockquote>\n<p>\u201cAs the company behind the leading stablecoin in the market today, recognized for its exceptional liquidity, expanding market share, and widespread acceptance, this further emphasizes our steadfast commitment to unlocking financial liberation and fostering economic inclusivity for communities worldwide.\u201d<\/p>\n<\/blockquote>\n<ul>\n<li>Launched by Tether in 2020, XAU\u20ae represents ownership of one troy ounce of gold held in a Swiss vault controlled by the company.<\/li>\n<li>EUR\u20ae, on the other hand, is a euro-pegged stablecoin also supported by Tether that mirrors the euro via a decentralized network.<\/li>\n<li>Currently, XAU\u20ae and EUR\u20ae have market caps of $474 million and $44 million, respectively.  Despite the figures being massively dwarfed by the US dollar-backed USDT, the two stablecoins have managed to score several listings.<\/li>\n<li>In yet another significant milestone for the firm, Tether <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/tether-collaborates-with-georgia-to-place-the-country-as-a-global-blockchain-hub\/\" data-wpel-link=\"internal\">signed<\/a> a Memorandum of Understanding (MOU) with Georgia&#8217;s government in June to position the country as a global hub.<\/li>\n<li>USDT&#8217;s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/tether-circulation-hits-new-peak-as-confidence-in-circle-continues-to-shrink\/\" data-wpel-link=\"internal\">domination<\/a> grew significantly in the past year or so owing to the banking crisis and the subsequent stablecoin market turbulence that caused its circulation <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/tether-circulation-hits-new-peak-as-confidence-in-circle-continues-to-shrink\/\" data-wpel-link=\"internal\">t<\/a>o peak above $83 billion.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><\/center><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> ,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>,<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &#038; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The stablecoin issuer announced the listing of Euro Tether (EUR\u20ae) and Tether Gold (XAU\u20ae) on XT.COM, which is being touted as the &#8220;world&#8217;s first social-infused exchange.&#8221; The latest move will enable users on the platform to access XAU\u20ae \u2013 which represents ownership of physical gold \u2013 as well as the ability to transact with EUR\u20ae [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":119884,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-119883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=119883"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119883\/revisions"}],"predecessor-version":[{"id":119885,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/119883\/revisions\/119885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/119884"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=119883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=119883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=119883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}