UQUID Now Becomes the First Leading Web3 E-commerce Platform to Accept aUSD₮ by Tether
We are excited to announce a significant update at UQUID: the listing of aUSD₮ by Tether, making us the first Web3 E-commerce to accept this innovative digital asset. This integration marks a crucial step in enhancing the crypto shopping experience, offering our users increased flexibility and seamless transactions.
Introducing aUSD₮:
aUSD₮, also known as Alloy by Tether, is a groundbreaking digital asset developed by Tether. It offers the stability and reliability of traditional USD₮ while being tailored for decentralized finance (DeFi) platforms. Pegged to the US Dollar, aUSD₮ maintains a consistent value, making it a stable and dependable medium of exchange in the evolving digital economy.
Alloy by Tether innovatively blends the trust and familiarity of fiat currency transactions with the enduring value of gold. Users can mint aUSD₮ using Tether Gold (XAU₮) as collateral, creating a digital asset that combines the functional advantages of the US Dollar — including its widespread use in payments, trading, settlements, and savings — with the intrinsic benefits of gold, such as scarcity, low volatility, and preservation of purchasing power.
Each unit of aUSD₮ is backed by Tether Gold, representing ownership of physical gold securely stored in Switzerland. Switzerland’s reputation for financial stability and asset security further enhances the reliability of Tether Gold. By using Tether Gold as collateral, Alloy by Tether offers a digital asset stabilized by gold, providing a secure means of preserving value in a volatile financial landscape. This innovative approach places Alloy by Tether at the forefront of digital economy advancements, instilling confidence and redefining the potential of digital assets in the DeFi space.
This listing also marks a significant milestone in the deepening collaboration between UQUID and Tether. Following the successful launch of the 1 USDT Store in June, which allowed users to purchase a wide range of products for just 1 USDT, the introduction of aUSDT expands the array of products and services available to our users. This ongoing collaboration highlights our shared commitment to enhancing accessibility and usability in the stablecoin, further solidifying our role as leaders in the industry.
UQUID: The First Web3 E-commerce to Accept aUSD₮
At UQUID, we are dedicated to seamlessly integrating cryptocurrency into the shopping experience. Our platform supports transactions in over 100 cryptocurrencies, offering an extensive range of over 166 million products globally. This diverse offering underscores our commitment to accessibility and convenience in the digital economy.
Our platform goes beyond simple transaction support, introducing innovative features like ‘Buy Now, Pay Later in Crypto’ and the world’s first $1 shop in the crypto space — the 1 USD₮ Store, powered by Tether and UQUID. These initiatives reflect our ongoing efforts to meet the evolving needs of our users and encourage broader cryptocurrency adoption. The inclusion of aUSD₮, known for its stability and broad recognition, further strengthens our commitment to providing secure and reliable payment options. This move enhances user trust and satisfaction, key components in building sustainable and user-friendly crypto e-commerce.
Being the first e-commerce on Web3 to accept aUSD₮ is not just a milestone for UQUID, but a significant development for the entire crypto and DeFi landscape. This move sets a precedent for other e-commerce, encouraging the broader adoption of stablecoins in e-commerce and beyond. It highlights UQUID’s leadership and commitment to innovation, setting us apart as a forward-thinking platform that embraces new technologies to provide the best possible experience for our users.
The integration of aUSD₮ signifies a major step in our mission to transform the future of crypto shopping. We are dedicated to continuously expanding our offerings, enhancing payment flexibility, and maintaining a customer-centric approach. This commitment drives us to keep innovating and improving our platform, ensuring we meet and exceed the expectations of our growing user base.
About Tether and Tether Gold (XAU₮)
Tether is a pioneer in stablecoin technology, committed to revolutionizing the global financial landscape. Its mission is to provide accessible, secure, and efficient financial infrastructure, driving economic growth and empowering individuals and businesses worldwide. Leveraging cutting-edge blockchain technology, Tether bridges the gap between traditional financial systems and the potential of decentralized finance.
Tether Gold (XAU₮) is an innovative asset backed by physical gold securely stored in Switzerland. Each token represents ownership of one troy ounce of gold, combining the stability and enduring value of gold with the convenience of digital assets. This approach ensures the intrinsic benefits of gold, such as scarcity and low volatility, while offering the functional advantages of blockchain technology.
About Uquid
Launched in 2016, Uquid is a pioneer in applying DeFi and Web 3.0 to e-commerce, aiming to deliver the ultimate Web3 shopping experience. With verified merchants, exclusive deals, cashback, and Payin3 with crypto, Uquid leads the way in the Web 3.0 shopping infrastructure. Over the years, Uquid has grown to serve 350 million users across significant platforms.
With 3 million active users, Uquid is not just a platform but a pivotal player in shaping the new generation of e-commerce. Boasting the largest selection of over 170 million physical, digital, and NFT products, Uquid caters to a diverse customer base.
Users shopping at Uquid benefit from flexible and convenient payment methods, including cryptocurrency, fiat, or wallets. In 2021, Uquid introduced the first Buy Now Pay Later with crypto option — Payin3 — demonstrating its ambition to dominate crypto e-commerce. Uquid Payin3 allows customers to protect the future value of their crypto by delaying payment in three installments over 90 days, interest-free. Offering an extensive array of products and the best Web3 shopping experience, Uquid continues to redefine the standards of convenience and accessibility in the digital shopping landscape.
