“Tether’s Bitcoin holdings to a total of over 75,000 BTC”.
“Tether’s USDT has recently hit a new milestone with a market cap of US$100 billion, becoming the first stablecoin to hit the mark.”
If one believes that bitcoin is “digital gold”, they can also argue that USDT is fractionally backed up by gold as well as fiat currency. 🤔
https://finance.yahoo.com/news/tether-becomes-seventh-largest-bitcoin-181330130.html