Bithumb to Launch Tether Gold–Korean Won Trading Pair on January 1

Bithumb’s upcoming KRW trading pair for Tether Gold will allow South Korean investors direct access to a gold-backed cryptocurrency using the national currency.

XAUT

Summary

Bithumb has officially announced the launch of a Korean won (KRW) trading pair for the gold-backed token Tether Gold (XAUT) on January 1. The listing will enable South Korean users to trade XAUT directly against KRW. Tether Gold is issued by Tether and represents one troy ounce of physical gold stored in secure vaults, bridging traditional precious metal investments with blockchain technology.

Terms & Concepts
  • Tether Gold (XAUT): A cryptocurrency backed by physical gold, with each token representing one troy ounce stored in a secure vault.
  • Trading Pair: A market quotation for exchanging one asset for another, such as XAUT/KRW.