The industry-leading cryptocurrency interest-earning platform, Celsius, announced the inclusion of Tether Gold (XAU), the world's largest gold-backed digital asset, to the Celsius mobile app on May 5, 2020.
Celsius is the first financial platform in the world to offer interest income on XAU gold. XAU holders can deposit their digital assets into the Celsius wallet and earn 3 percent APY, making Celsius the first financial platform in the world to offer interest income on XAU gold.
"At a time when central banks are printing more fiat money than ever before, it's essential to support non fiat correlated assets like physical gold in the midst of zero interest rates and unprecedented global inflation," says Alex Mashinsky, CEO of Celsius Network. "At Celsius, we're always finding new ways to earn yield for our customers and provide them with ways to diversify away from fiat denominated assets which comprise over 95% of what most of us own. Our crypto and gold interest income offerings ensure that everyone who wants to be part of the next financial revolution has the opportunity to get in at the ground floor."
"Tether Gold's addition to Celsius's market-leading platform is a great endorsement of our platform, and will enable our growing customer base to earn interest on their holdings from Celsius," said Paolo Ardoino, CTO at Tether.