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Tether Launches Gold-Backed Stablecoin in Thailand—Because Paper Money Just Isn’t Shiny Enough
Tether Launches Gold-Backed Stablecoin in Thailand—Because Paper Money Just Isn’t Shiny Enough
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As inflation fears grip Southeast Asia, Tether rolls out its XAUT stablecoin in Thailand—a ’safe haven’ play for investors who think digital gold beats physical bars (and central bank promises).
The move targets Thailand’s surging demand for inflation hedges—where local crypto adoption already outpaces traditional finance’s plodding reforms. Will it stabilize the baht’s volatility? Unlikely. But it sure beats stuffing cash under mattresses.
Bonus jab: Another ’stable’ solution from the company that brought you ’100% backed’ USDT reserves—now with 0.0001% extra accountability!
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