Upbit to List XAUT Trading Pairs Against KRW, BTC, and USDT

According to an official announcement, Upbit will list Tether Gold with KRW, BTC, and USDT trading pairs, enhancing gold-backed token access for South Korean investors.

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XAUT

Summary

Upbit has officially announced the listing of Tether Gold (XAUT) with trading pairs in KRW, BTC, and USDT. The decision, disclosed on January 1, reflects the exchange’s commitment to expanding asset diversity by supporting a gold-backed cryptocurrency. XAUT represents ownership of LBMA Good Delivery gold bars, providing investors with a digital link to physical gold.

Terms & Concepts
  • Tether Gold (XAUT): A digital token backed 1:1 by physical gold bars meeting the London Bullion Market Association Good Delivery standard.
  • LBMA Good Delivery: A quality standard set by the London Bullion Market Association that specifies the requirements for gold and silver bars accepted in the global bullion market.
  • KRW: South Korean won, the official currency of South Korea, used here as one of the trading pairs for XAUT.