Flipster Lists Tether Gold (XAU₮) to Provide Users with New Opportunities to Engage with the Gold-Backed Digital Asset

Flipster CEO Yongjin Kim commented: “Tether continues to lead the stablecoin market, maintaining the highest market cap among its peers.

Crypto derivatives trading platform Flipster has listed Tether Gold (XAU₮), issued by TG Commodities Limited, on its platform.

With this integration, users can now deposit, withdraw, and convert the gold-backed digital asset.

“Tether continues to lead the stablecoin market, maintaining the highest market cap among its peers,” said Flipster CEO Yongjin Kim.

“As blockchain technology evolves, there is growing interest in real-world assets like gold being brought on-chain. Tether is well-positioned to capitalize on this trend, offering products like Tether Gold that provide users with a way to gain exposure to the value and stability of gold.”

To celebrate the launch of Tether Gold on its platform, Flipster has announced two campaigns:

Tether Gold Launchpool

Participants will be able to earn rewards in proportion to the net amount of their XAU₮ deposited in the Launchpool.

The net deposit is calculated as the total XAU₮ deposited minus the total XAU₮ withdrawn.

The minimum net XAU₮ deposit is 100 XAU₮, and there is no upper limit on the net deposit.

The net deposit will be recorded at 00:00 (UTC) each day during the event period.

The net deposit will be used to calculate the net deposit multiple for each participant.

The net deposit multiple will be used to calculate the participant’s share of the Launchpool rewards.

The Launchpool rewards will be distributed to participants each day at 08:00 (UTC).

Participants can choose to withdraw their net XAU₮ deposit at any time during the event period.

However, if a participant withdraws their net XAU₮ deposit, they will no longer be eligible for Launchpool rewards.

Tether Conversion Campaign

During the campaign period, users who convert a minimum of 5,000 USDT into XAU₮ will be rewarded with a 50% discount on the conversion fee.

The conversion fee discount will be applied automatically at the time of conversion.

There is no upper limit on the amount of USDT that can be converted into XAU₮.

However, the 50% conversion fee discount will only be applied to the first 5,000 USDT that is converted into XAU₮ by each user.

After converting 5,000 USDT into XAU₮, users will be charged the standard conversion fee for any additional USDT that is converted into XAU₮.

Flipster continues to build on its reputation as a forward-thinking platform that provides users with the tools they need to navigate the evolving digital asset landscape by adding Tether Gold to its platform.

“At Flipster, we are thrilled to offer access to these innovative assets, empowering our users to explore real-world asset opportunities and enhancing our platform’s appeal as a comprehensive trading hub,” said Kim.

“We believe that the addition of Tether Gold will further attract a diverse user base and contribute to the growth and vitality of the platform.”

About Flipster

Flipster is a crypto derivatives trading platform that offers lightning-fast perpetual futures listings on the latest cryptocurrencies.

The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens with high liquidity and zero trading fees.

About Tether and USD₮

Tether is a pioneer in stablecoin technology, driven to revolutionize the global financial landscape, its mission is to provide accessible, secure, and efficient financial, communication, and energy infrastructure.

Tether enables greater financial inclusion and communication resilience, fosters economic growth, and empowers individuals and businesses.

As the creator of the industry’s largest, most transparent, and liquid stablecoin, Tether is dedicated to building sustainable and resilient infrastructure to benefit underserved communities.

By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.

About Tether Gold (USD₮)

Tether Gold (Gold) is a digital asset that is offered by TG Commodities Limited.

One full USD₮ token represents one troy fine ounce of gold on a London Good Delivery bar.

XAU₮ is available as an ERC-20 token on the Ethereum blockchain, The token can be traded or moved easily at any time, anywhere in the world, and can be transferred to any on-chain address from the purchaser’s Tether wallet where it is issued after purchase.

The allocated gold is identifiable with a unique serial number, purity, and weight and is redeemable in the form of physical gold.

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