💵 Tether to Back New Stablecoin with Gold
➡️ Tether’s new synthetic stablecoin, aUSDT, will be backed by physical gold. The token coverage by another of the company’s stablecoins, Tether Gold, will exceed 100%.
➡️ Tether Holdings CEO Paolo Ardoino believes that gold is the optimal choice for short-term reserve backing, as it is less volatile.
For long-term stablecoin backing, the company will continue to prefer Bitcoin, as before.
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