Tether's new product is a stablecoin anchored to gold. #aUSDT

Compared to the interest of less than 5% on short-term government bonds, the short-term interest rate of gold derivatives can reach 8%, which means Tether is about to make a lot of money again.

Before the collapse of the Bretton Woods system, the US dollar was anchored to gold. After the shortage of gold, it was then backed by US military hegemony and oil as the usage scenario for the petrodollar. Tether's goal is not to become the next US dollar, but the next "fiat currency" circulating in the crypto world.

Crypto itself also needs a stablecoin that is not anchored to the US dollar. Satoshi Nakamoto's original intention in creating Bitcoin in 2009 was to resist US dollar inflation and to create an independent consensus of value backed by encryption and computing power, separate from centralized sovereignty. History will always move forward despite its twists and turns.

After the appearance of stablecoins anchored to gold, there will definitely be stablecoins anchored to Bitcoin. After all, digital gold is the new generation consensus of the digital world. Those interested can check out @BitLen_Finance, as they are working on this.

Bitcoin #Tether #Stables #USDT #Gold

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