Tether Operations Limited, the company that operates the blockchain-enabled platform tether.to, powering the most widely used stablecoin, announced today that Tether Gold (XAUT) will be accepted as a payment method on Uquid.
XAUT Accepted as Payment!
Uquid, an e-commerce platform bringing decentralized finance (DeFi) and Web3 to online retail shopping, houses over 120 million physical, digital, and NFT products. Established in 2016, Uquid is an online retail ecosystem that merges the metaverse with traditional e-commerce. Designed to offer customers safe and convenient methods to purchase products using cryptocurrency or fiat money. Now, in addition to accepting XAU₮ as a payment method, customers can comfortably and securely purchase goods from Uquid using Bitcoin, Tether’s USD-pegged tokens (USDT), and several other types of cryptocurrencies.
Uquid’s online store provides customers access to millions of real-world product types, including clothing, shoes, electronic devices, computers, home goods, sports equipment, and much more. Customers can also benefit from Uquid’s range of digital products, gaining access to NFTs, gaming cards, streaming and gaming subscriptions, mobile top-ups, and more.
Advantages of XAUT!
With XAU₮, Uquid customers can now make their online purchases with a digital asset representing ownership of physical gold. Developed by the creators of the world’s first, most stable, and most trusted stablecoin, USD₮, each XAU₮ token represents one troy ounce of gold in a London Good Delivery gold bar. The company stated:
As more people globally become aware of the benefits, convenience, and security of using cryptocurrency for both real-world and digital transactions, they increasingly see that they do not need to be limited to their country’s fiat currency. I am delighted that customers holding XAU₮ can now choose to shop for their physical, digital, and NFT needs on Uquid, and I look forward to seeing more online retailers following Uquid’s leadership.
