$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?