17 July, 2023 – Tether Operations Limited (Tether), the company operating the blockchain-enabled platform
tether.to
that powers the first and most widely used stablecoin, today announced the upcoming listing of Euro Tether (EUR₮) and Tether Gold (XAU₮) on BingX, a prominent centralized digital asset exchange.
Founded in 2018, BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide with over 5 million users. Its portfolio encompasses over 600 pairs. BingX offers users access to a host of features, including an “exclusives” program for discounted tokens, educational training resources, staking capabilities, a native wallet, a customizable user interface, and referral bonuses – all contributing to an enhanced trading experience.
With the introduction of EUR₮ and XAU₮ on BingX, users will gain access to two stablecoins developed by the creators of USD₮, the world's first, most stable, and trusted stablecoin. BingX customers will be able to transact with XAU₮, a digital asset representing ownership of physical gold, with each XAU₮ token representing ownership of 1 troy fine ounce of gold on a London Good Delivery gold bar. Additionally, users will have the opportunity to engage with EUR₮, a stablecoin pegged 1-to-1 to the euro, facilitating seamless and secure digital representation of the euro currency.
"We are delighted that BingX has chosen to offer users across the world access to digital assets backed by the Euro and physical gold," said Paolo Ardoino, CTO at Tether. As the company behind the most trusted stablecoin renowned for its liquidity, rising market share, and widespread adoption, this once again underscores our vision of unlocking financial freedom and economic inclusion for communities across the globe."
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Important Note:
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 gold token terms of sale and service available (as of the date of this press release) at gold.tether.to/legal.
Forward-Looking Statements
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 Tether nor any other person (including BingX) 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.
