In Southeast Asia, South Asia, Parts of Africa, LATAM, and especially in Thailand’s areas like Phayao and Chiang Rai, physical gold is not only a sign of wealth, but it is also a form of security. And UQUID, a leading Web3 shopping infrastructure, is transforming this idea into practical. The main purpose of this step is that UQUID rewards users with tokenized gold ($XAUT), and for the first time, users in emerging markets can redeem digital gold for real physical gold, a meaningful, secure asset.
Uquid gives out XAUt, and it’s completely up to the users what they want to do with it, whether they prefer to HODL or sell it to meet their own needs. The primary purpose of this strategic step is to drive innovation by enabling users to convert digital gold into physical gold.
UQUID brings this innovation by observing the behavior and psyche of northern Thailand. Specifically, that’s why UQUID is keen to think about the solution for the Thai people. Even digital gold ($XAUT) is considered to be a secure gold. UQUID has released this news through its official X account.
UQUID Bridges Digital Gold to Real Gold for Thailand’s Traditional Gold-Loving Culture
UQUID flashbacks to the traditional scenario, where physical gold was considered as an easy, accessible asset and could be liquidated in times of emergencies. So, UQUID is going to solve the problem of Thai people by making a conversion system for getting physical gold via tether gold ($XAUT). Physical gold retains its legacy over the past decade, because it can be used at any place and time all over the world in the market for selling or purchasing, which can sort out the problem of users at the spot.
These physical gold holders make it easy to sell the gold in an emergency or buy something like gold rings or necklaces. Moreover, the UQUID rewarding innovative system of $XAUT for USDT purchases, provides users the freedom of holding, investing, or redeeming it for physical gold. Thailand is a prominent example of this innovative step for USDT holders.
Physical gold holders think that it is a more secure way to save the assets rather than in banks and can be usable at time and from any place. This is the world where Tyla grew up. She never hoped to earn gold in any form beyond the small, tiny pieces her family sometimes bought for temple donations. It means people living in Thailand give much more importance to gold than to any other assets.
They use the physical gold in their event decorations or other ceremonies, rather than every tiny piece of gold passed down to generations. At this, she explained UQUID in an interview that “Gold was always around us, but owning it wasn’t something I ever expected for myself. It was just expensive, out of reach.”
Helping Thai Workers Turn Everyday Earnings into Gold
In Thailand, people working in different fields like vendors, delivery workers, freelancers, and small shop owners, save every penny of their income to buy gold, but it is much difficult for them. UQUID’s new $XAUT reward enables people to convert it into physical gold at any place not only restricted to Thailand rather, in the entire world. In Thailand, saving physical gold is considered long-term savings, specifically outside of the crowded city centers.
Thai people who belong to different sectors are always in an effort to save their pensions or collective money for buying physical gold, even though their digital gold, for a reliable and trusted value asset available during uncertain times. In the past few years, across parts of Thailand and Southeast Asia in general, US dollar-pegged stablecoins like USDT have speedily grown as tools for remittance and everyday transactions. Where local currencies are easily volatile or have restricted access to dollars.
UQUID Transforms Stablecoin Savings into Secure Gold Assets for Thai Users
Tyla expressed his view; she said, “When my cousin working abroad started sending part of his salary in USDT instead of local currency, the value didn’t disappear so quickly.”
After watching the banner of UQUID, a Web3 shopping platform, which offers a simple wallet app that can convert USDT into other cryptocurrencies and is also usable for buying different products. In this way, gradually she noticed the redemption of $XAUT into a 1-gram Physical gold bar via a bullion provider.
After that, she realized a sense of satisfaction for having physical gold, which is a symbol of a secure asset. As UQUID resumes experimenting with tokenized gold rewards and other RWA-based incentives, stories like Tyla’s help anchor innovation in real lives and real contexts. This system will unlock the ways for the conversion of other RWA into physical gold, providing opportunity and impacting the whole market for the adoption of RWA.