Tether launches gold-backed stablecoin on TRON and Ethereum

Tether launches gold-backed stablecoin on TRON and Ethereum

The controversial company Tether Limited will launch a gold-covered stablecoin called Tether Gold. The Tether Gold token “XAUt” is launched as a TRC20 token on the TRON blockchain and as an ERC20 token on the Ethereum blockchain. Tether is one of the most controversial projects in the cryptocurrency space and is suspected of having manipulated the Bitcoin price in 2017.