Stablecoin aUSDT Backed by Gold As Precious Metal Much Less Volatile Than Bitcoin, Says Tether CEO Paolo Ardoino

The CEO of Tether says that the stablecoin issuer’s synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king. In a new interview with Bloomberg, Paolo Ardoino says the firm could have chosen Bitcoin to back aUSDT but BTC’s tendency to […] source: https://dailyhodl.com/2024/09/09/stablecoin-ausdt-backed-by-gold-as-precious-metal-much-less-volatile-than-bitcoin-says-tether-ceo-paolo-ardoino/