Tether announces the Launch of Tether Gold, a gold-backed Crypto

Tether, the company behind the biggest stablecoin in the world, has launched Tether Gold, a digital asset providing exposure to physical gold. According to the company’s announcement, XAU₮ will be available both on Ethereum and on TRON and will represent one troy fine ounce of gold. The company claims the token is the only gold-backed coin that guarantees direct control over the physical gold storage.

Source: CryptoSlate:
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