Transak Lists Gold-Backed Stablecoin Tether Gold (XAU₮)

Transak, a leading platform for stablecoin onboarding, has integrated Tether Gold (XAU₮), a gold-backed stablecoin issued by Tether. Each XAU₮ token represents one troy ounce of physical gold stored in Swiss vaults, offering a seamless way to own and transfer tokenized gold globally.

The integration eliminates the need for intermediaries, allowing users to purchase XAU₮ directly via local payment methods like PIX and SEPA. This MOVE taps into gold's historical role as a store of value while leveraging blockchain's efficiency.

Sami Start, Transak's CEO, emphasized the significance: "XAU₮ provides a tangible, inflation-resistant asset with global trust. We're bridging traditional value preservation with digital accessibility."

The launch arrives amid rising macroeconomic instability, positioning XAU₮ as a hedge against currency devaluation and inflationary pressures.