Tether Gold (XAU₮) and Euro Tether (EUR₮) have been listed on Uquid, an innovative e-commerce platform that is bringing decentralized finance (DeFi) and Web3 to the world of online retail shopping.
This partnership opens up new possibilities for customers, enabling them to use these stablecoins to purchase more than 120 million physical, digital, and NFT products available on Uquid.
Summary
The addition of Tether Gold on the Uquid platform
Founded in 2016, Uquid has built an online retail ecosystem that bridges the metaverse and traditional e-commerce.
The platform offers customers a convenient and secure way to purchase products using cryptocurrencies or fiat currencies.
In addition to XAUT, customers can now make purchases with Bitcoin or Tether tokens (USDT), as well as other cryptocurrencies, further increasing their options and flexibility.
Uquid’s online store boasts a wide selection of millions of real products. Customers can browse and purchase clothing, shoes, electronic devices, computers, household items, sports equipment, and more.
In addition, Uquid offers a wide range of digital products, including NFTs, playing cards, streaming and game subscriptions, and cell phone refills. This wide selection satisfies a wide range of consumer needs and preferences.
The addition of XAUT as a payment method on Uquid introduces a unique proposition for customers. This digital asset represents the ownership of physical gold, providing users with a tangible store of value.
Developed by the creators of USDT, the world’s first and most trusted stablecoin, each XAUT token corresponds to one ounce of fine troy gold on a London Good Delivery gold bar.
This innovative offering combines the benefits of cryptocurrencies with the stability and value of precious metals, creating an attractive opportunity for users seeking a digital representation of gold ownership.
The words of Paolo Ardoino
Paolo Ardoino, Chief Technology Officer of Tether, expressed his enthusiasm for the collaboration, emphasizing the growing global awareness and acceptance of cryptocurrencies for physical and digital transactions.
He emphasized that individuals no longer need to limit themselves to their country’s fiat currency as the benefits, convenience and security of cryptocurrencies become increasingly evident. Ardoino praised Uquid for paving the way and hopes that other online retailers will embrace similar initiatives in the future.
The partnership between Tether and Uquid brings together two forward-thinking companies at the forefront of their respective fields.
Tether’s prominence as a leading stablecoin provider, coupled with Uquid’s vision of combining decentralized finance and traditional e-commerce, sets the stage for a revolutionary online shopping experience.
By harnessing the power of blockchain technology and stablecoins, customers can transact with greater efficiency, security and accessibility, regardless of their geographical location.
As cryptocurrency adoption continues to expand, partnerships like this one demonstrate the immense potential for integrating digital assets into everyday activities.
Tether’s partnership with Uquid not only reinforces the utility of stablecoins, but also demonstrates their versatility in a retail context.
By enabling customers to use XAUT and other stable coins for purchases, the collaboration paves the way for a future in which cryptocurrencies will become a standard and widely accepted form of payment.
With Uquid’s wide selection of products and the addition of XAUT as a payment method, customers now have an attractive opportunity to diversify their digital assets and enjoy a secure and seamless shopping experience.
The partnership between Tether and Uquid marks a significant milestone in the evolution of decentralized finance, bringing it closer to mainstream adoption and enabling consumers around the world to embrace the benefits of cryptocurrencies in their daily lives.
Conclusions
In conclusion, the partnership between Tether Operations Limited (Tether) and Uquid represents a significant step in bridging the gap between decentralized finance (DeFi) and mainstream e-commerce.
With the listing of Tether Gold (XAUT) and Euro Tether (EURT) on the Uquid platform, customers now have the opportunity to use stablecoins to purchase a wide range of products, ranging from physical goods to digital assets and NFTs.
Uquid’s innovative online retail ecosystem, which merges the metaverse and traditional e-commerce, offers customers convenient and secure payment methods using cryptocurrencies or fiat currencies.
Accepting Tether’s stablecoins alongside Bitcoin and other cryptocurrencies expands the options available to customers, improving their flexibility and accessibility.
Paolo Ardoino, CTO of Tether, expressed his satisfaction with the partnership, noting the growing global recognition of cryptocurrencies as a viable means of transacting.
The partnership between Tether and Uquid not only demonstrates the versatility and utility of stablecoins, but also illustrates the potential for integrating digital assets into everyday activities.
By facilitating secure and seamless transactions regardless of geographic location, this collaboration paves the way for wider adoption of cryptocurrencies in retail settings.
In a world where financial systems are constantly evolving, the integration of stablecoins and blockchain technology into e-commerce offers individuals greater financial freedom, security and convenience.
The partnership between Tether and Uquid represents a step toward a future in which cryptocurrencies will become a standard and widely accepted form of payment, revolutionizing the way we transact online and further blurring the lines between traditional and digital finance.
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