Tether Gold is available in Celsius Network. It is a digital asset that provides ownership of physical gold (XAU) kept in Switzerland. Announced via Twitter that it is now available in Celsius Network, a platform provider of cryptocurrencies that generates interest.
Celsius Network supports XAU₮, offering the great opportunity to earn interest of up to 3% APY on the world’s oldest store of value ⬇️https://t.co/WzvnzVqK0y— tethergold (@tethergold) May 4, 2020
Founded in 2017, Celsius Network is a platform of market-based Blockchain. Where membership provides access to financial services selected. These are not available through traditional financial institutions. Tether Gold (Gold) is a digital asset offered by TG Commodities Limited. A token XAU full full represents one ounce fine gold troy at a bar London Good Delivery. The gold assigned to them is identifiable with a serial number, purity and weight only. Through the partnership, the holders of XAU ₮ may deposit their holdings in the wallet Celsius. And earn up to 3% APY from Celsius Network.
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Statements of the CEO
“The addition of Tether Gold to the platform leader in the market of Celsius is a great endorsement of Tether Gold, and will allow our growing base of clients earn interest on their shares of Celsius…”. “In these times of economic uncertainty and quantitative easing seemingly endless, we’re seeing a growing demand for Tether Gold. We anticipate an appetite ready to keep to Tether Gold in a platform as innovative and rewarding”. Currently, XAU ₮ has a market capitalization of approximately $84 million, is a stable currency backed by gold. It combines the best: The property of gold, which aims to provide a direct exposure to the gold price. The ease of accessibility of the traditional assets such as funds, exchange-traded (ETF). And the utility transactional token digital. The decision to Celsius Network of support XAU ₮ will provide to the holders the landmark opportunity of being able to obtain a positive return by having the store of value the world’s oldest.
Tether Gold in Bitfinex with Bitcoin
At the beginning of the year, it became known that the exchange of cryptocurrencies Bitfinex allowed users to trade Tether Gold with Bitcoin. Bitfinex launched three pairs of margin trading to Tether Gold. A digital asset backed by physical gold, which was presented by the subsidiary of Bitfinex, Tether. The exchange of cryptocurrencies allowed operators to trade Tether Gold with Bitcoin, as well as with the stablecoin backed by the us dollar Tether (USDT). Margin trading, a feature which allows traders to borrow funds to increase the leverage, it will require an initial capital of 20% and will provide a maximum leverage of 5x, pointed out Bitfinex.