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Euro Tether (EUR₮) and Tether Gold (XAU₮) have been listed on BitMart Exchange
Tether announced that Euro Tether (EUR₮) and Tether Gold (XAU₮) have been listed on BitMart, a global digital asset centralized trading platform.
Launched in 2017, BitMart provides its global users with multiple digital asset trading functions and services. In addition to more than 1,000 trading pairs, BitMart also provides users with expanded spot trading options, futures trading, margin trading, lending, pledge and derivatives, etc. Function.
"We're excited that BitMart customers can now trade XAU₮ and EUR₮, supporting the world's first, largest, most liquid, and most widely used stablecoin," said Tether CTO Paolo Ardoino. "We at Tether are proud to continue our mission of advancing financial freedom and inclusion for more people around the world, and we are sure that BitMart's customers will be delighted to use these digital assets that represent euros and physical gold."
https://tether.to/en/euro-tether-eurt-and-tether-gold-xaut-to-launch-on-bitmart-exchange/
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Tether Gold: Institutions are investing in gold at record levels
Recent developments have brought the threat level to unprecedented heights. As a result, investors are increasingly turning to safe-haven assets to protect their investments from market turmoil.
Gold has long been considered the safe-haven asset of choice, with investors often flocking to the precious metal during times of market turmoil. That's because gold has long enjoyed a reputation as a hedge against inflation, currency debasement and economic uncertainty. Therefore, during times of geopolitical uncertainty, demand for gold tends to increase as investors seek to diversify their portfolios and reduce their volatility. With geopolitical tensions rising around the world, it's no surprise that investors are relying on gold to shield themselves from any further turmoil.
Even more telling, institutional investors have also been buying gold at record levels.
Central banks are buying gold at record levels
Central banks have traditionally been seen as guardians of monetary stability and long-term preservation of value. The fact that they continue to add to their gold reserves reflects their strong belief in the precious metal's ability to hold value over the long term. As we move forward, it is clear that gold will continue to play a key role in central banks' diversification strategies, providing a stable basis for their portfolios and ensuring long-term financial stability. Central banks have shown growing interest in gold in recent years, with record purchases in 2022. In fact, the central bank's net gold purchases have been in a positive range for 13 consecutive years. This trend speaks volumes for central bank confidence in gold as a reliable and long-term store of value.
In 2022, central banks around the world will significantly increase their gold holdings, with total purchases more than doubling from the previous year. Likewise, gold's appeal to central banks lies in its proven role as a hedge against inflation, currency volatility and global uncertainty.
Not Just Central Banks, Powerful Countries Are Buying Gold
The world's largest economies have long recognized gold's value as a strategic asset and have been hoarding it for decades. For example, the United States has the largest gold reserves in the world at more than 8,100 metric tons, accounting for approximately 78% of its foreign exchange reserves. Likewise, Germany, Italy and France are among the top 10 gold holders in the world (source: World Gold Council).
The Chinese government has also been aggressively increasing its gold reserves in recent years, with holdings increasing from 1,054 metric tons in 2015 to 1,948 metric tons in 2021.
Russia, another major player in the global gold market, increased its gold reserves by 312 metric tons in 2021, bringing its total gold holdings to 2,299 metric tons, making it the world's fifth-largest gold holder.
The attractiveness of gold to major countries will only increase in the coming years, and countries will continue to see the value in holding physical assets that can serve as a reliable and long-term store of value.
https://tether.to/en/institutions-are-investing-in-gold-at-record-levels/
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KrakenPro opens EURT trading
https://blog.kraken.com/post/18487/trading-for-euro-tether-eurt-starts-may-2-deposit-now/
