Tether’s gold-backed reserve approach compared to STRC, Joe Consorti notes

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03.05.2026

Tether’s gold-backed reserve approach compared to STRC, Joe Consorti notes — Debate on Tether and gold backing

Joe Consorti, industry influencer, raises questions about Peter Schiff's criticism of STRC while noting a lack of similar commentary on Tether and its gold reserve practices.

Consorti suggests that Tether's issuance of USDT, its gold purchases, and its attempts to maintain a 1:1 USD peg are mechanistically similar to STRC, though without offering yield. The tweet points to a perceived inconsistency in Schiff's commentary on these two entities.

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Consorti has previously commented on market moves, noting Bitcoin's price increase from $65,000 to $72,000. He also observed that Bitcoin rose 7 percent since the start of the war while other major assets declined. These remarks reflect Consorti's ongoing focus on major digital asset trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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