đ Tether's CEO Paolo Ardoino is introducing aUSDT, a new gold-backed stablecoin. This clever move could see Tether earning on gold gains instead of U.S. Treasury Bills. đ°
- Gold has a long-term gain of 8% compared to T-Bills' 0-5%.
- This could mean bigger profits for Tether.
Analyst Willy Woo applauds the move, hinting at the possibility of a Bitcoin-backed bUSDT in the future. đ€
- Tether is also launching Alloy, a platform for creating collateralized synthetic digital assets.
- This is part of Tether's venture into real-world asset tokenization.
Tether Gold (XAUt), which aUSDT is backed by, has a market cap of $572M. Tether leads the stablecoin market with $112.5B USDT in circulation. đ
What do you think about Tether's new move? Will gold-backed stablecoins be the next big thing? Share your thoughts below! đ #DeFi #Web3