Home UncategorizedGold Hits Record High as Tether Reports Gold-Backed Token Is Growing Faster Than USDT – Decrypt

Gold Hits Record High as Tether Reports Gold-Backed Token Is Growing Faster Than USDT – Decrypt

by Vivek Kumar
0 comments
Gold Hits Record High as Tether Reports Gold-Backed Token Is Growing Faster Than USDT - Decrypt

In brief

  • Tether Gold’s supply is growing at a faster rate than USDT.
  • The stablecoin issuer sold $882 million worth of gold-backed tokens in Q4.
  • The company’s flagship stablecoin is partly backed by precious metals.

Tether’s legacy was built around the U.S. dollar, but an attestation report published by the stablecoin issuer on Monday underscored a recent shift in momentum toward gold—with the report coming right as gold hit a new all-time high above $5,100.

As of Dec. 31, the company had minted…

You may also like

Leave a Comment