- The stablecoin issuer Tether are exploring the introduction of a new stablecoin, commodity-linked.
- It is reported they are doing this as a potential means to mitigate some risk.
The USD-pegged stablecoin issuer Tether, which had been subject to much controversy, is exploring a commodity-backed stablecoin.
Its potentially new coin will be backed by a basket of commodities including gold, crude oil, and rubber, according to a known investor of Bitfinex, Zhao Dong.
The reports suggest that the stablecoin issuer is considering this move of a cmmodity0lined digital stablecoin, to mitigate the risks associated with the storage of fiats in banks.
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