Tether Targets Crypto Investors With New Gold Yield Products
Photo: ETHNews
Tether’s Ark offers six products, including USDT deposits with advertised annualized rates ranging from 5% to 8%. VIP participants can commit up to 1 million USDT, while fixed-term subscriptions reportedly prohibit early redemption. XAUT rewards introduce gold-price exposure, but the backing of Tether Gold does not protect assets deposited with CoinW. Tether and cryptocurrency exchange CoinW are introducing gold-denominated yield products that offer advertised annualized returns of up to 8%, combining stablecoin deposits with rewards paid in Tether Gold (XAUT). The initiative, called Tether’s Ark, includes six subscription options spanning flexible deposits and fixed commitments of up to 180 days.
Source: ETHNews
