Tether Launches Gold-Backed Stablecoin on Ethereum & Tron Chains

Tether Launches Gold-Backed Stablecoin on Ethereum & Tron Chains | Finance Magnates

Stablecoin issuer Tether has announced the launch of Tether Gold (XAU₮), a new stablecoin that is pegged to physical gold, in response to “growing demand for a digital asset that provides exposure to the world’s most enduring asset and a geopolitical need for an alternative financial system.”