The creators of USDT have announced a new cryptocurrency backed by gold - aUSDT. šŖ Alloy will become an entire pool of currencies backed by precious metals. The first in the pool is the aUSDā® 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, XAUā®. š¦ In the future, Tether plans to use a similar scheme with other fiat currencies. Based on physical gold converted into crypto via the XAUā® token, crypto-euros, francs, and other currencies will emerge. They will be returned to the gold standard.
Download the medial app to read full posts, comements and news.