Tether Launches Gold-Backed Stablecoin and Begins Trading on Bitfinex

Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550.

The new product is available as an ERC-20 token on the blockchain, as well as a TRC20 token on Tron (TRX).

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