Tether explicitly warns users that Fiat, Digital Tokens or other property reflected in their Gold Token Wallet are not segregated assets held in the users' names or for their benefit but reflected only in the books and records of Tether Gold. 

Stablecoins

BDO Italia

Tether's "custodian maintains insurance with regard to its business in such amount and on such terms and conditions as it considers appropriate, which is not expected to cover the full amount of Gold Reserves."

A non-algorithmic, gold Backed, on chain, Tethered asset.

FinCEN - Financial Crimes Enforcement Network

Tether Holdings

United States of America

Tether facilitates fiat currency use digitally on a blockchain, disrupting traditional finance. It enables transactions with stable, familiar currencies on the blockchain, reducing typical digital currency volatility and complexity, and eases cross-border transactions.

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