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.
Yes. People choose something for reserve which cannot be cross-checked by us easier. Gold must be one of that kind.
I guess even tether is lying to us by not showing their audit reports of bank accounts. When I last checked their site, they are not doing anything transparent to us but simply making us to use them.
I read someone from this forum had proposed an idea of stablecoin which will be backed by us. Like, the bitcoins in our wallet is the actual back up so they will initially air-drop stablecoins to this community. But, for long time, we are not hearing from them; might be working on listing into exchanges.