Upbit Launches Gold-Backed XAUT, Pioneering South Korean Market Expansion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Market Expansion: Upbit announced the listing of Tether Gold (XAUT) on January 1, 2025, becoming the first major exchange in South Korea to integrate a physically-backed gold cryptocurrency, which is expected to attract more conservative investors into the crypto market.
- Innovative Trading Pairs: XAUT will support three trading pairs: XAUT/BTC, XAUT/USDT, and XAUT/KRW, providing flexible investment options that cater to the sophisticated needs of South Korea's cryptocurrency ecosystem, thereby enhancing market competitiveness.
- Compliance Milestone: The listing aligns with regulatory requirements from South Korea's Financial Services Commission, marking Upbit's compliance progress in the asset-backed token space and potentially setting a precedent for future similar products.
- Technical Implementation: Upbit utilizes the Ethereum blockchain for XAUT integration, ensuring system security and stability while offering 24/7 trading convenience, enhancing user experience and driving market liquidity.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
