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  • 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.