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Anonymous

Hey I am on Medial • 1y

The creators of USDT have announced a new cryptocurrency backed by gold - aUSDT. 🪙 Alloy will become an entire pool of currencies backed by precious metals. The first in the pool is the aUSD₮ token. Its value is $1, but there's a twist. The token is not backed by dollars but by physical gold stored in a Swiss bank. There is also a token for this gold, XAU₮. 🏦 In the future, Tether plans to use a similar scheme with other fiat currencies. Based on physical gold converted into crypto via the XAU₮ token, crypto-euros, francs, and other currencies will emerge. They will be returned to the gold standard.

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