Tether Gold (XAU₮) Now Available for Trading on Bitso | Flash News Detail | Blockchain.News
Latest Update
2/9/2026 1:05:00 PM

Tether Gold (XAU₮) Now Available for Trading on Bitso

Tether Gold (XAU₮) Now Available for Trading on Bitso

According to Paolo Ardoino, Tether Gold (XAU₮), the gold-backed cryptocurrency, is now available for trading on the Bitso platform. This development enhances the accessibility of XAU₮, allowing traders to diversify their portfolios with a stable asset linked to gold. As Tether Gold gains listings on more platforms, its adoption and trading opportunities are expected to expand.

Source

Analysis

In a significant development for the cryptocurrency market, Tether Gold (XAU₮), the gold-backed stablecoin from Tether, has officially launched on the Bitso exchange. This move, announced by Paolo Ardoino on February 9, 2026, expands accessibility for traders looking to hedge against volatility with physical gold exposure through blockchain technology. As an expert in cryptocurrency trading, this integration opens up new avenues for diversified portfolios, particularly in regions where Bitso operates prominently, such as Latin America. Traders can now engage with XAU₮ pairs, potentially correlating with global gold spot prices, which have shown resilience amid economic uncertainties.

Tether Gold Launch on Bitso: Trading Implications and Market Sentiment

The launch of Tether Gold on Bitso aligns with growing demand for asset-backed cryptocurrencies. According to Paolo Ardoino's announcement, this integration allows users to trade XAU₮ directly, backed by allocated gold stored in Swiss vaults. From a trading perspective, this could enhance liquidity for XAU₮, with potential trading volumes increasing as Bitso's user base taps into gold's safe-haven status. Historically, gold prices have influenced XAU₮ valuations, with the token designed to mirror one troy ounce of gold. Traders should monitor correlations between XAU₮ and traditional gold futures on exchanges like COMEX, where gold prices recently hovered around $2,000 per ounce as of early 2024 data points from the World Gold Council. This setup presents opportunities for arbitrage strategies, especially if discrepancies arise between crypto and physical markets.

Integrating real-time market context, while specific February 2026 prices aren't available here, we can draw from established patterns. For instance, during periods of stock market downturns, gold often rallies, boosting interest in tokens like XAU₮. Crypto traders might pair this with BTC or ETH for balanced positions, using XAU₮ as a hedge against crypto volatility. On-chain metrics from platforms like Etherscan show Tether Gold's total supply and transfer volumes, which have grown steadily since its inception in 2020. A key trading indicator is the premium or discount to net asset value (NAV), where XAU₮ has maintained close parity, according to Tether's transparency reports. This stability makes it attractive for long-term holds or short-term swings tied to macroeconomic news, such as inflation reports or Federal Reserve decisions.

Cross-Market Opportunities: Crypto and Stock Correlations

From a broader market analysis, Tether Gold's availability on Bitso could influence institutional flows, bridging crypto and traditional finance. Stock markets, particularly mining stocks like those in the VanEck Gold Miners ETF (GDX), often move in tandem with gold prices, creating indirect trading signals for XAU₮. For example, if gold surges due to geopolitical tensions, XAU₮ might see increased trading volume on Bitso, offering entry points below resistance levels around its gold-equivalent price. Crypto enthusiasts can explore pairs like XAU₮/USDT or XAU₮/BTC, watching for breakouts supported by moving averages. Support levels for gold have held at $1,800 in past dips, per CME Group data from 2023, suggesting similar floors for XAU₮. This launch enhances portfolio diversification, reducing risks from pure crypto exposure while capitalizing on gold's historical average annual returns of about 10% over decades, as noted in reports from the London Bullion Market Association.

Looking ahead, traders should consider broader implications for AI-driven trading strategies in crypto markets. AI tools can analyze on-chain data for XAU₮, predicting volume spikes based on gold market sentiment. With Bitso's expansion, expect more retail and institutional participation, potentially driving XAU₮'s market cap higher. In summary, this development underscores Tether's push for real-world asset tokenization, providing concrete trading opportunities amid evolving market dynamics. Always verify current prices and volumes through reliable exchanges for informed decisions.

Overall, this integration not only boosts Tether Gold's accessibility but also highlights its role in hedging strategies. By combining crypto agility with gold's stability, traders can navigate volatile periods effectively. For those optimizing portfolios, monitoring daily trading volumes and price correlations will be key to spotting profitable entries and exits.

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,