OSL Group Subsidiaries Launch Gold-Backed Stablecoin Trading

According to OSL, XAUT was listed on its exchange via a partnership with Antalpha; CCO Zhang Yinghua says it meets liquidity and standardization criteria to enhance payments and wealth management.

XAUT

Summary

According to OSL Group’s official announcement on December 18, the exchange listed Tether Gold (XAUT) via a partnership with Antalpha. CCO Zhang Yinghua said XAUT meets liquidity and standardization criteria, enhancing payment options and digital asset wealth management.

Terms & Concepts
  • Tether Gold (XAUT): A gold-backed stablecoin issued by Tether that represents ownership of physical gold and is designed to track gold’s value.
  • Gold-backed stablecoin: A cryptocurrency pegged to physical gold reserves to maintain price stability and provide commodity exposure on-chain.