Tether’s Gold-Backed Stablecoin in Demand as Commodity Hits ATH
As the result of the U.S. government announcement of a second stimulus bill to counter the economic impact of the COVID-19 pandemic, Gold has risen 22.7% from $1,550 to $1,902 since Tether Gold (XAUT) was released on Jan. 23. The Tether Gold stablecoin was valued at $1,902 on July 24, putting the price of gold within reach of the commodity’s all-time high set in September 2011.
Bitcoin (BTC) price also rose above $10,000 after a particularly long stretch of low volatility between $9,000-$9,500.
#gold
#tether
#usdt
#cryptocurrency
#covid19
#cryptoprice
As the result of the U.S. government announcement of a second stimulus bill to counter the economic impact of the COVID-19 pandemic, Gold has risen 22.7% from $1,550 to $1,902 since Tether Gold (XAUT) was released on Jan. 23. The Tether Gold stablecoin was valued at $1,902 on July 24, putting the price of gold within reach of the commodity’s all-time high set in September 2011.
Bitcoin (BTC) price also rose above $10,000 after a particularly long stretch of low volatility between $9,000-$9,500.
#gold
#tether
#usdt
#cryptocurrency
#covid19
#cryptoprice
Media is too big
VIEW IN TELEGRAM
🔴 What is a Stablecoin? A Stablecoin is a cryptocurrency but with a unique advantage. Unlike Cryptocurrencies, Stablecoins have a fixed price and value, such as Tether which has an equal value to 1$ or Counos U which is 100$.
#Stablecoins #Tether #CounosU
#Stablecoins #Tether #CounosU