According to Tether CEO Paolo Ardoino, USDT will allow each owner of this digital asset to monitor the actual status of the reserve gold fund in real time. aUSDT is based on the Ethereum blockchain.
The digital “gold” dollar is still in the “promotion” phase, but its market value is currently estimated at $573 million. At the same time, Tether does not hide that the launch of the asset is the implementation of plans to dominate the market. Stablecoins – stable cryptocurrencies that are backed by real currency or precious metal, as in USDT.
Source: Ferra
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