this post was submitted on 19 May 2024
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Tether also has gold backed XAUt token. I believe with the big narrative of RWA we will see more stables.
What does RWA solve? It has no real connection to the blockchain besides a promise from a centralized entity that it is backed. Almost no difference to digital fiat unless it is unfreezable?
I was looking into xaut and from what I understand you have to KYC to get it and they freeze it.