Paolo Ardoino, CTO of Tether, recently discussed the role of Tether Gold ($XAUT), Bitcoin and gold in the evolving economic landscape. Ardoino emphasized the similar characteristics that Bitcoin and gold share, namely their limited supply and the complexity of mining. However, he pointed out the physical limitations of gold, such as weight and the need for secure storage, which inspired Tether’s creation of $XAUT.

He clarified that $XAUT, a digital token backed 100% by physical gold, does not compete with Bitcoin, but offers an alternative to traditional fiat money. Despite Bitcoin’s unique properties, he acknowledged that understanding it remains a challenge for many. Therefore, Tether is committed to the long-term project of Bitcoin education.

Ardoino portrayed $XAUT as an accessible first step away from fiat money and into the digital paradigm. He also revealed the growing recognition of $XAUT, with a market cap of ~$500 million, global trading support, and possible adoption by banks as an inflation hedge. He concluded by stating that Tether Gold is effectively resurrecting the gold standard in digitized form.