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Tether and CoinW Plan Gold-Focused Tether’s Ark Partnership

The project’s first phase will center on gold-backed Tether Gold (XAUT) and aims to help users hedge market volatility.

An unmarked gold token rests between dark stone slabs / TokenPost.ai
An unmarked gold token rests between dark stone slabs / TokenPost.ai

Tether announced a strategic partnership with crypto exchange CoinW to launch Tether’s Ark, a project whose first phase will focus on gold-backed Tether Gold (XAUT).

The initiative is intended to help users hedge market volatility. XAUT is the asset identified at the center of the partnership’s opening phase.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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