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 The post Stablecoin aUSDT Backed by Gold As Precious Metal Much Less Volatile Than Bitcoin, Says Tether CEO Paolo Ardoino appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
World Liberty Financial Will Launch Token With 63% For Public Sale
Donald Trump and his sons announced their cryptocurrency venture, World Liberty Financial, during a livestream on X. The Daily Hodl
Flyfish Club NFT Sale Violates Securities Laws, Faces $750K Fine By SEC
SEC calls for Flyfish to cease the acceptance of royalty payments from secondary market trading of its NFTs to destroy remaining Flyfish Club NFTs. The Daily Hodl