"Invest" is a strong word. I don't expect a sizeable gain, but that's not the point. In effect, Tether is buying gold held in a Swiss vault, even though you can use it to fund crypto transactions.
Should SHTF, you can get physical delivery. It's a hedge.
Yep. That's why I'm stating away from it, Bitcoin Cash, etc. Check out XAUT.
Edit (sometimes my replies get autospezzed in the ether): Another one worth watching is UPXAU: Perth Mint, 1:1 mapping to physical gold, off-chain physical delivery. It's the newest of the stablecoin.
Came here to say this. I had / have high hopes for the Gold-backed Ripple, but they need to emerge from their SEC legal issues clean, first.
There are others, but a few are based in Shanghai, which I can't trust. Right now looking at Tether as a frontrunner.
You want to invest your money in tether?
"Invest" is a strong word. I don't expect a sizeable gain, but that's not the point. In effect, Tether is buying gold held in a Swiss vault, even though you can use it to fund crypto transactions. Should SHTF, you can get physical delivery. It's a hedge.
Did you know that USDT is pegged to the US dollar?
Yep. That's why I'm stating away from it, Bitcoin Cash, etc. Check out XAUT.
Edit (sometimes my replies get autospezzed in the ether): Another one worth watching is UPXAU: Perth Mint, 1:1 mapping to physical gold, off-chain physical delivery. It's the newest of the stablecoin.
It’s looking good for ripple so far imo. Definitely glad I held during the crash.
Only crypto I own is a bunch of XRP and a little bit of XLM.
But Ripple will be THE international transfer coin imo.
Sold all my DOGE to buy GME.
To Uranus we go!
I have 625.433981 XRP -
If Gates funded Ripples escrow and EO takes his assets, then the US becomes the co-owner of the escrow. US can now back XRP with Gold.