As ERC20 And TRC20.
Tell me about it.
100% either a scam or a misunderstanding since it is impossible to have a gold backed "Tether". Learn from history, have you ever heard of the "Liberty Dollar"? Warehouses full of gold get raided by the Feds. Simple conclusion: ERC20 and/or TRC20 backed by pure BS.
Tether has a questionable and controversial history that is I am quite wary of this so-called TetherGold but knowing that people behind Tether has this capacity to pull things and make them accepted by the market and be successful then I would not wonder if this new option (a gold-backed at that) can soon be as popular as the one backed by the usual fiat money. Seems to be that there are many people who are interested anything connected with gold, certainly a good market can be waiting for this one.
They're just drawing even more attention from regulators with this proposal. Besides, does anyone trust that they have gold to back their coin? If not, no-one will use it.