Transak is making waves by integrating Tether Gold (XAU₮), allowing users to buy gold effortlessly using just their phones, bank accounts, and internet connections!
As a premier global platform for stablecoin onboarding, Transak has officially welcomed Tether Gold, a gold-backed stablecoin from Tether. This addition brings gold—one of humanity's most enduring stores of value—into the digital age, enabling everyday users to engage with it through a seamless, borderless, blockchain-driven experience.
With XAU₮, individuals worldwide can own, transfer, and settle transactions in gold without the need for intermediaries or vaults, fundamentally changing our approach to saving, hedging against inflation, and facilitating trustless exchanges of value.
This listing marks a significant step toward financial inclusivity.
Users in regions grappling with inflation or economic instability can now purchase tangible gold using local payment methods like PIX or SEPA, all from their wallets. This bridges the historical significance of gold with modern financial infrastructure aimed at global accessibility.
Sami Start, Co-founder and CEO of Transak, stated:
"At Transak, we have developed a robust infrastructure for onboarding users into stablecoins. Adding Tether Gold is a natural progression. It opens new horizons for preserving value in a time-tested, tangible, and universally trusted asset. We are thrilled to facilitate this access through Transak."
Sami Start, Co-founder & CEO of Transak
XAU₮: Redefining Gold Ownership
Tether Gold is a blockchain-based stablecoin, where every XAU₮ token is backed 1:1 by one troy ounce of physical gold securely stored in Swiss vaults. Unlike fiat currencies, which can be endlessly printed, or cryptocurrencies, often subject to volatility, XAU₮ combines the reliability of gold with the liquidity and programmability of digital assets.
The current stablecoin market is largely dominated by assets pegged to fiat currencies like the US Dollar or Euro. While convenient for remittances and digital transactions, these stablecoins remain tethered to the monetary policies of governments and central banks.
In contrast, gold-backed stablecoins like XAU₮ align more closely with Satoshi Nakamoto’s vision of a decentralized, scarce, and censorship-resistant asset, independent of any single government's fiscal policies. In an era marked by inflation and geopolitical uncertainty, having such alternatives is crucial.
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By combining XAU₮'s stability and trust with Transak’s global reach and user-friendly platform, this partnership empowers anyone, anywhere, to securely and instantly save in gold.
For more information, visit transak.com or follow us on X and LinkedIn.
About Transak
Transak stands as the leading and most compliant Web3 payment infrastructure provider, serving over 8.3 million users worldwide. It operates across 450+ platforms, simplifying the purchase and sale of digital assets through its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that streamline KYC, compliance, payment methods, and customer support.
Headquartered in Miami and incorporated in Delaware, Transak also boasts a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
