"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.
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.
Okay, I see! Thanks for the clarification.