Quote from: BlondBlock on January 26, 2020, 01:02:47 AM

Here is some recent news:
Ethereum block explorer Etherscan shows that there are 3,990 XAUT tokens issued as of the time of writing. If we assume a price of $1,560, thats about $6.2 million worth of gold thats currently tokenized via XAUT.
https://coincodex.com/article/6712/tether-announces-gold-backed-tether-gold-token/

also they have competition:
With asset-backed blockchain tokens becoming more widespread, its not too surprising to see that gold is one of the first assets thats commonly tokenized. Singapore-based Digix offers tokenized gold with their Digix Gold Token DGX, 0.35% token, while US-based Paxos has created PAX Gold PAXG, 0.18%.

I agree that all of these can be shut down by aggressive Government action which we have seen before.

I would say that if Tether does everything neatly this time, this competition would have a very difficult time. Tether generally has strong partners and could quickly overtake this competition.