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Crypto Briefing 2020-01-25 10:11:37

Tether Has Launched Its Gold-Backed Stablecoin

Stablecoin giant Tether Ltd. has just launched a gold-backed stablecoin, which is price-pegged to the precious metal. The news was announced in a Jan. 23 web post. Each token of Tether Gold, or XAUT, is physically backed by one troy fine ounce of gold. Currently, there are 3990.225 XAUT in circulation, meaning that the market […]The post Tether Has Launched Its Gold-Backed Stablecoin appeared first on Crypto Briefing.

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