Received an on-chain gold gift card issued by Tether. After entering the card number and password and clicking Redeem, it contains tokenized on-chain gold corresponding to 0.3 grams of gold: #XAUE.
This card is great for gifting. The cardholder can redeem the card for physical gold at offline jewelry stores such as Lukfook Jewelery, or at banks, or they can unstake the XAUE tokens backed by the card into their own wallet. The exchange rate is 1000 XAUE for 1 Tether’s XAUT on-chain gold token, and then you can convert it to USDT/USDC/ETH/BTC conveniently.
Today, the price of gold per troy ounce (i.e., the XAUT token price) is 4095u. Each gift card can store up to XAUE worth 2000u.
If any company in Singapore or Hong Kong needs an on-chain gold gift card, you can use my invitation link: https://xaue.com/shop?ref=XP1JNDJ1
After clicking through, connect your wallet and top up, and you can send out tokenized gold gift cards with your company logo.
Gifting tokenized on-chain gold is so techy.
(For RWA gold, just take a look in Mainland China)
#Tether