Tether CTO: Tether Gold does not compete with Bitcoin but competes with fiat currencies
ChainCatcher news, Tether's Chief Technology Officer Paolo Ardoino tweeted that the Tether Gold token, backed by physical gold and launched by Tether, is not competing with Bitcoin but with fiat currency. Bitcoin is the best currency ever created by humanity, but currently not everyone is ready to understand Bitcoin, so Tether Gold may be the first step to more easily abandon fiat currency and enter a new digital paradigm. (source link)
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