The Tether Firm responsable for issuing the USDT stablecoin, launched an asset pegged to physical Gold, that will be issued in the Ethereum Blockchain as ERC-20 and in TRON Blockchain, being a TRC20 asset.
The asset will be dubbed XAUt and the physical Gold pegged to it will be hold in a Vault in Switzerland, also the token holders won't be charged to store the asset in the Vault, as mentioned will be free.
The firm new asset will give the holders the power to enjoy the benefits to have Gold without the need to store it, as holding the token will be the same to hold a physical Gold, but without having to worry about storage as the company responsable to the holding will carry all the safety precautions, so doing a transaction using XAUt will be practically a transfer of a portion of Gold!
Not much info released about how this new token will be traded, or which exchanges will be trading it but the "Tether Gold" is on the Market looking for Investors, who is addicted to Digital token pegged to physical Gold!
That's a hell of a combination😉!