We are super thrilled to announce that we’ve added two stablecoins on Quidax: Tether Gold (XAUT) and USAT. The best part? You can start trading them against Naira (NGN) and Cedi (GHS) and Tether (USDT)and other currencies on Quidax. But before you jump into your app, let’s break down exactly what these stablecoins are and why you might want to trade them.
What is Tether Gold (XAUT)? 🪙✨
Imagine owning physical gold but without the stress of buying a giant safe, hiring security guards, or carrying heavy bars in your backpack. That’s exactly what Tether Gold (XAUT) does for you. Created by the same company behind Tether (USDT), XAUT is a digital asset that is backed by physical gold. One XAUT token represents ownership of physical gold.
Why XAUT is a big deal
- Real-world backing: Your digital token is tied directly to real gold stored securely in a vault.
- Inflation hedge: Historically, gold has been seen as a safe haven against most investment assets including local and international currencies as well as stocks and other equities
- Easy fractional ownership: You don’t need millions to buy an entire gold bar, you can buy fractions of XAUT directly on Quidax! 💰
What is USAT? 🇺🇸🦅
If gold represents ancient wealth, USAT represents dollars designed for the Internet age. USAT is a stablecoin backed by the US dollar and is in line with the US government’s Genius Act on stablecoins. Think of it as digital dollars created to make exposure easily accessible globally.
Why you should watch USAT
- Dollar Power: It brings the stability and global trust of the US dollar framework straight into your crypto wallet. 💵
- Global Settlements: Ideal for customers looking to store value in a universally accepted asset
- Seamless Trading: It acts as an incredible liquidity pair for traders moving in and out of currencies.
Startups and Enterprises
Whether you are looking to hedge your corporate treasury, execute high-volume trades, or expand your platform’s offerings, Tether Gold (XAUT) and USAT are accessible via the Quidax API. Startups and international enterprises can easily add these assets to allow their own customers to buy, sell, and hold XAUT, USAT and other stablecoins directly within their apps. By using our API, your businesses also gain instant access to deep liquidity and automated settlement.
How to Trade XAUT and USAT using the Quidax App 📈
Getting started takes less than two minutes:
- Log in to your account on the Quidax app or web
- Go to the Swap section and search for XAUT or USAT
- Select the currency you want to buy with
- Enter the amount you want or select a percentage
- Click Confirm Swap and confirm your trade
Using Swap on Quidax you can convert any local currency or crypto to USAT or XAUT.
You can also use the order book to buy/sell and below with the below pairs.
- XAUT/NGN
- XAUT/USDT
- USAT/USDT
Gold and US dollars backed stablecoin are all inside your Quidax app.
Ready to get started? Sign up or open your Quidax app and trade XAUT or USAT today!
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Please do your own research (DYOR) before making any trading decisions.
