Tether recently announced the launch of its new token, Tether Gold (XAUt)

Tether recently announced the launch of its new token, Tether Gold (XAUt) | Invezz

Cryptocurrency company Tether, known for its stablecoin going by the same name – Tether (USDT) – has recently announced plans to launch a new digital currency that would be backed by gold. The new coin, known as Tether Gold (XAUt), supposedly keeps its physical gold stored somewhere in a Swiss vault.