Stablecoin Titan Tether Wants Gold to Be Used for Everyday Payments—Here’s How – Decrypt
In brief Tether introduced the term Scudo on Tuesday to represent 1/1,000th of a troy ounce of gold. The stablecoin issuer thinks the term could bolster gold’s use in payments. Tether issues a gold-backed token, XAUT, and holds nearly $17 billion worth of gold. Tether moved to establish a new unit of account for gold...
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