UPDATE: Tether, the world's largest stablecoin, has introduced a new synthetic dollar backed by gold.
Tether, known as the largest stablecoin in the cryptocurrency market, has just launched a new synthetic dollar backed by gold. This action is aimed at creating a stable asset with real value in the digital market, which benefits from both the stability of the dollar and the inherent value of gold. This new type of synthetic dollar could make it more attractive to investors and cryptocurrency users who are looking for low-risk and stable assets.
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