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TechFlow news: Paolo Ardoino, CTO of Tether, tweeted that Tether Gold, the gold-backed token launched by Tether, is not competing with Bitcoin but rather with fiat currencies.
Bitcoin is the best form of money humanity has ever created, but not everyone is currently ready to understand Bitcoin. Therefore, Tether Gold could be an easier first step for people to abandon fiat and enter the new digital paradigm.
Tether CTO Paolo Ardoino tweeted that Tether Gold, the physically-backed gold token launched by Tether, is not competing with Bitcoin but with fiat currencies. Bitcoin is the best money humanity has ever created, but not everyone is ready to understand Bitcoin yet. Therefore, Tether Gold could be an easier first step toward abandoning fiat and entering the new digital paradigm.
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