Tether Launches Gold-Backed Stablecoin and Begins Trading on Bitfinex
Cointelegraph By Andrey Shevchenko's original article for cointelegraph.com reduced by 78%
Tether is now supporting a gold-backed stablecoin, Tether Gold, according to a Jan. 23 press release. As a closely-affiliated company to Tether, it was expected for Bitfinex to be the first to offer the new token.
Bitfinex reportedly used Tether reserves to cover a liquidity shortfall following issues with its payment provider, Crypto Capital Corp..
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