Upon logging into Bitfinex I received a notification "Bitfinex Adds Tether Gold (XAUt), Bringing Digital Exposure to World's Most Enduring Asset"
So naturally I'm intrigued and want to know more; XAUt Article
The same company that brought us USDT recently released XAUt where 1 XAUt = 1 ounce of gold. Seems like you have some restrictions to a minimum buy of 50 XAUt ($75 000).
Very interesting! I use PAXG for my Gold-backed crypto investments. Will definitely check this one out too! Will be interesting to see how they differ!
What's also interesting to note, is that there is currently 77 different coins that claim they are backed by Gold.