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    Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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    Tether Gold (XAUT) Listed on Thailand’s Maxbit: Big Win for Crypto Investors!

    Story Highlights
    • Tether Gold (XAUT), a gold-backed digital asset, is now available on the Thailand-based Maxbit exchange.

    • This launch marks the first time Thai investors can access tokenized gold, offering a hedge against inflation and 24/7 liquidity.

    • The availability of XAUT on Maxbit highlights Thailand's growing role as a crypto-friendly nation in Asia.

    Thailand’s crypto scene just struck gold.

    Tether has officially launched its gold-backed digital asset, Tether Gold (XAUT), on Maxbit, a leading cryptocurrency exchange based in Thailand. This marks the first time Thai investors can access a tokenized gold product, signaling a major milestone in the country’s expanding digital asset ecosystem.

    So, why does this matter? Let’s break it down.

    What is Tether Gold (XAUT)?

    Tether Gold, or XAUT, is a stablecoin backed entirely by physical gold. Each XAUT token is equal to one troy ounce of real gold, giving investors a reliable alternative during uncertain economic times.

    Why Tether Gold Matters for Investors

    1. Inflation Hedge: Gold has long been regarded as the best hedge against inflation. Unlike other assets that claim to offer inflation protection, gold’s proven stability makes it the go-to asset for wealth preservation.
    2. 24/7 Liquidity: Unlike physical gold, Tether Gold offers instant liquidity, enabling investors to trade and exchange 24/7 on the Maxbit platform.
    3. Diversification: XAUT provides an additional option for those seeking to diversify portfolios amidst market volatility and economic uncertainty.

    Tether’s Vision: Safe, Stable, and Digital

    Tether CEO Paolo Ardoino emphasized that launching XAUT on Maxbit addresses the growing demand for secure, asset-backed digital options. According to him, Tether Gold is a practical solution for investors looking to preserve their wealth and build long-term financial security.

    Thailand’s Growing Role in Crypto Adoption

    Thailand has already established itself as a crypto-friendly country, with USDT widely used for digital asset transactions. The listing of Tether Gold on Maxbit strengthens the country’s support for blockchain-based financial products.

    This move also aligns with Thailand’s strategy to attract global investors and boost its digital economy, especially in its tourism-driven sectors.

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    FAQs

    What is Tether Gold (XAUT)?

    Tether Gold (XAUT) is a digital token backed by real gold, with each token representing one troy ounce of physical gold.

    How does XAUT differ from physical gold?

    XAUT offers the same gold value but with 24/7 trading, instant liquidity, and no need for physical storage.

    Is Thailand crypto tax-free?

    Thailand offers tax exemptions on crypto earnings from investment tokens and VAT-free trading on licensed exchanges as of January 1, 2024.

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