Gold backed Tether coming.

[RealMalatesta]

As ERC20 And TRC20.

Tell me about it.

100% either a scam or a misunderstanding since it is impossible to have a gold backed "Tether". Learn from history, have you ever heard of the "Liberty Dollar"? Warehouses full of gold get raided by the Feds. Simple conclusion: ERC20 and/or TRC20 backed by pure BS.

Yes. People choose something for reserve which cannot be cross-checked by us easier. Gold must be one of that kind.
I guess even tether is lying to us by not showing their audit reports of bank accounts. When I last checked their site, they are not doing anything transparent to us but simply making us to use them.

I read someone from this forum had proposed an idea of stablecoin which will be backed by us. Like, the bitcoins in our wallet is the actual back up so they will initially air-drop stablecoins to this community. But, for long time, we are not hearing from them; might be working on listing into exchanges.

[ronbennett_]

We only have one tether (USDT) in crypto space and Your post have no information about Gold backed tether, if you read about this somewhere on the internet you should have at least drop a link, I think this is fake, we need prove that this is real because I doubt that tether will ever be backed by Gold, it doesn't make sense to me

That's true. But if you visit the website of Tether then you can find Tether Gold in the Menu. Just to make everything simplier for you  this is the link: https://gold.tether.to/

Enjoy!

[Mikadodu13]

I do not understand why buy an altcoin whose price and based on gold when with btc you can buy gold directly ....

[wheelz1200]

As ERC20 And TRC20.

Tell me about it.

Not buying this load either.  As soon as everyone think it's safe the rug will get pulled out from underneath.  Who is responsible for securing this gold?  And what happens when it magically disappears.  This smells like scam right away.

[TimeTeller]

I do not understand why buy an altcoin whose price and based on gold when with btc you can buy gold directly ....

Exactly! At least you know that you are buying real gold.
And with this one, claiming to be backed by gold, you have no guarantee that they are saying the truth here.
As far as I can remember, at one point, the tether team admitted that they were not fully backed by dollars.
So now, they are creating tether gold? Are they going to admit later on that they have no sufficient gold holdings to back up their supply?