I'm skeptical with these so called asset backed crypto. How would I be completely sure they have enough asset to back up their coins? I'd probably rather just buy gold than buy a coin that is supposed to be backed by gold.
So basically physical assets and then crypto. Or stocks in a company that produces the good if you really want to be in commodities.
Yes I have just realized it with some expert reviews on my post and now I got a clear picture of the other side of asset based crypto and there demerits, but there are some projects which is backed by their government but it will not take longer for them to develop conflicts just like how it happened with Tether. I think crypto will be better without any government backed projects.
When I first heard Tether my first thought was "Backed by USD? That's nice, it would be stable". Never bought any and am glad I didn't. People initially flocked to bitcoin because there was less government interference, that it's mostly market-driven, so why buy these gov't coins?