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As one of the leading stablecoin companies in the world, Tether has a longstanding reputation for producing reliable cryptocurrencies. In addition to the popular USDT coin, Tether also offers Tether Gold. This intriguing form of stablecoin relies on gold to maintain its price. Why is this important, and what does it mean for investors? Explore this Tether Gold guide to find out more about cryptocurrency tokens.
Key Takeaways:
Tether Gold is a stablecoin backed by gold. One XAUt Tether Gold token is equal to one fine troy ounce of gold.
The primary goal of Tether Gold is to digitize the value of gold. By backing its currency with gold, Tether Gold hopes to create a reliable, stable currency that has a value based on one of the most in-demand substances on earth.