Cryptocurrency Q&A
Is Tether backed by gold?
Is Tether backed by gold?
TaegeukChampionCourage
Thu Jun 27 2024
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6 answers
1159
Could you elaborate on the question of whether Tether, a popular stablecoin in the cryptocurrency market, is indeed backed by gold? This is a crucial consideration for investors seeking stability and assurance in their digital assets. Is there a direct physical gold reserve that underpins the value of Tether? If not, what alternative mechanisms does it employ to maintain its pegged value? Clarifying this aspect is important in understanding the true nature and risks associated with investing in Tether.
6 answers
Enrico
Sat Jun 29 2024
Tether, a leading provider of stablecoins, is embarking on a new expansion.
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GalaxyWhisper
Fri Jun 28 2024
This expansion signifies Tether's commitment to providing diverse and reliable stablecoin options.
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KatanaSharp
Fri Jun 28 2024
The company plans to introduce its U.S. dollar-backed stablecoin, USDT, to The Open Network (TON).
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Nicola
Fri Jun 28 2024
Paolo Ardoino, the CEO of Tether, announced that USDT will be live on TON on April 20th.
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Matteo
Fri Jun 28 2024
In addition to USDT, Tether is also extending its gold-backed stablecoin, XAUT, to TON.
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