All Things Crypto

ATC quote · Jun 18, 2024 · 0:20:22

“Yeah. I was just going to mention the SAUT because it's... So according to what I'm reading right now, Alloy will be overcollateralized by SAUT, a token that provides ownership of physical gold…”

NatNat @Natnatx007

From ATC: DAVE & KOOL TALK ALL THINGS CRYPTO, Jun 18, 2024 · Episode page

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0:18:56 Dave @DCBK2LA: Yeah. But the gold is pegged... Like, but here's the thing. Right? Alloy is a gold backed stablecoin pegged to the dollar. So meaning it's always going to retain the dollar, but it's pegged to it, but backed by gold. You get... Like, you see what I mean? It's a little tricky on the wordplay. It... Yeah. Now here's the thing. It's it's still a synthetic, right, stablecoin, but what it does is it's o... They're over…

0:20:22 NatNat @Natnatx007: Yeah. I was just going to mention the SAUT because it's... So according to what I'm reading right now, Alloy will be overcollateralized by SAUT, a token that provides ownership of physical gold. That's interesting. That's very interesting. And speaking of gold, we're seeing other countries in in... We're seeing Africa do the same thing. And other countries within Africa, back their currency by gold. This is a very…

0:21:05 Benny Lee @eschatologian: Yeah. Yeah. Zimbabwe, they they got gold coins as currency now. Yeah. Whenever I see Tether print more stable coins and the... It's it's going to an exchange. It's usually some some... Something's... When you see stablecoins going to an exchange, that's that's noteworthy. That's definitely noteworthy. But the fact that they're making stablecoins backed by gold, I I think that's that's a very good move. That's a…

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