Home Crypto News XT.COM Provides Ougon Zakura FT (OZFT) to its Major Zone, Pioneering Gold-Backed Stablecoin Buying and selling

XT.COM Provides Ougon Zakura FT (OZFT) to its Major Zone, Pioneering Gold-Backed Stablecoin Buying and selling

by Cryptoroz




Singapore-based buying and selling platform, XT.COM, has revealed by way of an official announcement the itemizing of Ougon Zakura FT (OZFT), a gold-pegged stablecoin, in its Major zone. The OZFT/USDT buying and selling pair was made accessible for buying and selling on Could 16, 2023, opening up new alternatives for customers in search of a mix of stability and comfort.

Following the itemizing of Ougon Zakura FT on XT.COM, the platform seeks to solidify its place as a pacesetter within the buying and selling trade, opening up a brand new chapter within the realm of gold-backed stablecoin buying and selling and increasing funding horizons for its international consumer base.

Apparently, the itemizing on XT.COM marks the preliminary step in Ougon Zakura FT’s plan to broaden the attain and liquidity of the OZFT token. The corporate goals to advertise the token’s use as a way of fee, going past asset administration and inflation hedging. Ougon Zakura FT plans to difficulty and promote the token via numerous channels, with XT.COM appearing as a vendor within the preliminary section. Subsequently, the corporate intends to broaden the community of cryptocurrency exchanges dealing with the token, boosting its gross sales community and total liquidity.

Albin Warin, CEO of XT.COM, expressed enthusiasm for the itemizing, recognizing the distinctive funding alternative OZFT presents to customers. The gold-pegged stablecoin combines the soundness of bodily gold with the accessibility of cryptocurrencies, making it a sexy choice for portfolio diversification and inflation hedging. XT.COM goals to assist the expansion of the OZFT ecosystem and supply customers with a seamless buying and selling expertise.

OZFT, launched by Ougon Zakura FT, a Japanese monetary companies firm, gives customers with a dependable and handy technique of asset administration and inflation hedging. Every OZFT token is pegged to the worth of 1 gram of gold, providing funding traits just like bodily gold. What units OZFT aside is its inclusion of a small fee operate, distinguishing it from related merchandise out there.




To make sure the soundness and worth of OZFT, the token’s issuer will buy bodily Swiss Gold equal to the variety of tokens offered via XT.COM from Degussa Sonne/Mond Goldhandel Ltd. The bodily gold will then be deposited and safely saved by Degussa Sonne/Mond Goldhandel Ltd. Token holders can have the correct to demand redemption at a value reflecting the market worth of the bodily Swiss Gold. Nevertheless, requesting the return of the deposited bodily gold won’t be doable. The full issuance of the token is capped at a amount equal to 950 billion yen (100 million OZFT), with the potential of rising it sooner or later whereas prioritizing consumer pursuits and transaction stability.

Sakura Platform Ltd, a Micronesian company, drives the innovation behind Ougon Zakura FT and Ougon Zakura NFT choices. These digital property revolutionize gold funding, with Ougon Zakura NFTs generated primarily based on safe deposit certificates of Gold Bullion saved in Switzerland. The corporate’s web site and whitepaper present further data on these distinctive choices.

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