December 5, 2022 — Tether Operations Limited (Tether), the company operating the blockchain-enabled platform tether.to that powers the first and most widely used stablecoin, plans to launch Tether Gold (XAU₮) and Euro Tether (EUR₮) on the digital token exchange, Huobi Global on 8 December, 2022.
Dating back to 2013, Huobi Global is a leading source of liquidity and trading volume and one of the oldest digital token exchanges in the ecosystem. Huobi Global currently has over 500 types of digital tokens available on the exchange and has a trading volume of over $2.6 billion.
With XAU₮ being launched on Huobi Global’s exchange, Huobi customers will now have access to the stablecoin that represents ownership of physical gold. Additionally, with EUR₮’s launch on Huobi Global, Huobi customers have gained access to the Euro-pegged stablecoin from the company that powers the first and widely used stablecoin in the ecosystem today.
“We are thrilled to be launching XAU₮ and EUR₮ on one of the oldest and leading exchanges in the world,” said Paolo Ardoino, CTO at Tether. “By gaining access to the stablecoin that represents ownership of physical gold and the Euro-pegged stablecoin that’s backed by the same company behind the first, most stable and trusted stablecoin, we believe the Huobi Community will be poised to thrive and continue to grow.”
Huobi is also home to a variety of decentralized finance (DeFi) projects, including Lendhub, a decentralized lending platform, and MDEX, a decentralized, cross-chain trading platform.
This press release is not an offer to sell or the solicitation of an offer to buy USD₮, EUR₮ or XAU₮. Tether Limited and Tether International Limited will only sell or redeem USD₮ and EUR₮ pursuant to its terms of service available (as of the date of this press release) at tether.to/en/legal. TG Commodities Limited will only sell or redeem XAU₮ pursuant to its terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.
Certain statements in this press release may be forward looking in nature. The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements. None of Huobi Global nor any other person (including Tether) is responsible for updating or revising any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Driving the Future of Money
Tether supports and empowers growing ventures and innovation throughout the blockchain as a digital token built on multiple blockchains.