Tether Gold (XAU₮): a stable token backed by real gold

The company Tether announced the purchase of 7.7 tons of physical gold to fully back its XAU₮ token, making it one of the most reliable stablecoins on the market.

What is important to know:

Each XAU₮ is backed 1:1 by one troy ounce of gold.

The gold is stored in premium vaults in Switzerland.

The information is confirmed by the first official certification.

This project significantly increases trust in digital assets that have a real physical foundation. Against the backdrop of growing uncertainty regarding the dollar, XAU₮ becomes a real alternative to physical gold ownership through blockchain.

My opinion:

Trump's policy regarding the future "bulls" involves printing new dollars, which will inevitably lead to currency devaluation. On the other hand, gold will, conversely, rise in price. Therefore, right now, it is more advantageous to pay attention to Tether Gold (XAU₮) as an alternative to stablecoins that are just standing still.

Here, one can not only preserve but also earn a little, as fluctuations and increases in the price of gold are expected in the coming months.

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