Binance Debuts Gold, Silver Perps, USDT TradFi Settlement Stablecoin
Binance launched gold and silver perpetual futures settled in USDT to bridge traditional finance with crypto trading.Summary
Binance has expanded its derivatives offerings by introducing perpetual futures contracts for gold (XAUUSDT) and silver (XAGUSDT), allowing 24/7 trading without expiration dates. These contracts are settled using Tether's USDT stablecoin, providing onchain access to precious metal price movements without direct asset ownership. The launch aims to bridge traditional finance (TradFi) markets with crypto infrastructure, with Binance planning more traditional asset-linked contracts. These new products are regulated under the Abu Dhabi Global Market (ADGM) framework via Next Exchange Limited. This move follows a period where both gold and silver reached new all-time highs due to geopolitical tensions and a weakening US dollar, significantly outperforming Bitcoin over the past year.
(Source：Cointelegraph)