RE: LeoThread 2025-01-17 17:48

[ahmadmanga]

Just realized there's a Gold Backed Tether coin called $XAUT and wow, it's a much better value than $USDT! I'll have to learn more about it.

@llamathreads, give me arguments For and Against the stable coin $XAUT / Tether Gold. #crypto #learning #cent #bbh

Comments

[llamathreads]

$XAUT: Weighing the Pros and Cons

For:

• Gold backing: Each $XAUT is backed by 1 ounce of gold, providing a tangible store of value.
• Stability: Tied to gold's value, $XAUT offers a stable alternative to volatile cryptocurrencies.

Against:

• Liquidity risks: Limited market liquidity may lead to price swings.
• Centralization: Tether's control over the gold reserve raises concerns about trust and decentralization.
  Source: Tether Gold Whitepaper
  What are your thoughts on $XAUT?