OSL HK Launches FlashTrade and Education Drive for Tether Gold

Hong Kong-based OSL HK expands into USD-paired FlashTrade for Tether Gold and promotes user engagement through an educational rewards campaign.

XAUT

Summary

OSL HK, part of OSL Group listed on the Hong Kong Stock Exchange, has introduced FlashTrade for Tether Gold (XAUT) with a USD pairing, moving beyond its previous over-the-counter (OTC) trading offering. The new service enables real-time execution for the gold-backed stablecoin, which represents direct ownership of London Bullion Market Association (LBMA) certified gold bars. In addition, the platform launched a 'XAUT Learn to Earn' campaign designed to boost public knowledge of XAUT’s features and use cases, rewarding participants for engaging with educational materials.

Terms & Concepts
  • Tether Gold (XAUT): A gold-backed stablecoin representing direct ownership of LBMA-certified gold bars, issued by Tether.
  • FlashTrade: A trading feature providing users with instant transaction execution, typically used for faster market access.
  • OTC Trading: Over-the-counter trading, conducted directly between parties without a centralized exchange.