Stablecoin issuer Tether (CRYPTO: USDT) on Monday announced the upcoming launch of Tether Gold (XAU₮) and Euro Tether (EUR₮) on cryptocurrency exchange Huobi Global starting Dec. 8.
Huobi Global reports having over 500 types of digital tokens available on the exchange and 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 launching on Huobi Global, customers will gain access to the Euro-pegged stablecoin from the company that powers the most widely used stablecoin in the crypto market.
“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.”