Quidax Lists XAUT and USAT Stablecoins for NGN Trading

In Short

• Quidax has listed two new stablecoins, Tether Gold (XAUT) and USAT.
• Users can trade them against the Nigerian naira (NGN). Quidax also supports other pairs like USDT.
• The assets are also available via Quidax APIs for businesses that want to add stablecoin trading in their apps.

What Happened

Quidax said it added XAUT and USAT to its exchange on May 26, 2026.

Quidax is positioning both assets as “stablecoins”, meaning crypto tokens designed to track the value of something else, instead of swinging wildly like Bitcoin.

XAUT is Tether Gold. It is a token that represents ownership of physical gold held in a vault, according to the company. In simple terms, it is like owning gold in a digital format, and you can buy small fractions instead of a whole bar.

USAT is described by Quidax as a US dollar backed stablecoin. A dollar backed stablecoin is a token that aims to stay close to $1 by holding reserves that match the token supply.

On the exchange, users can trade using swap (instant conversion) or the order book (a list of buy and sell offers that match at set prices). Quidax listed specific order book pairs including XAUT/NGN, XAUT/USDT, and USAT/USDT.

Why It Matters

For Nigerian users, NGN trading pairs can reduce friction. You do not need to first buy USDT or another crypto asset before getting exposure to gold or dollar-linked tokens.

For traders, new stablecoin pairs can add liquidity, meaning it is easier to enter and exit positions without large price gaps.

For startups and larger companies, Quidax’s API support matters. An API is a software connection that lets another app plug into Quidax for pricing, trading, and settlement (the behind-the-scenes completion of a transaction). This can help fintech and crypto apps offer more stablecoin options without building their own exchange infrastructure.