Has anyone pitched working with Tether to bring XAUT (Tether Gold) on Berachain? I believe it would require a governance vote to bring on Tether Gold, but it seems like a great opportunity to pitch to Tether. Ideally it would also include some kind of spend where they push validator rewards to an XAUT-Honey pool, and likely also whitelist USDT as a Honey asset.
It just seems odd that Berachain really hasn’t partnered with Tether yet when it could be a pretty easy distribution and liquidity partner, especially for their Tether Gold product. No one really seems to use it across the DeFi ecosystem, and Berachain would likely be a solid opportunity for them to distribute the asset to retail consumers.
Some rough numbers is currently Tether Gold has about $810M in market cap with $17M in volume. It’s very low numbers but if they actually marketed it more and promoted it’s use, it could be a nice ecosystem asset within Berachain. The POL system is sort of exactly designed for sourcing this kind of liquidity, and I imagine Tether’s only reservation would be Berachain is too small, but the reality is they don’t seem to be doing anything with Tether Gold. I’m not even sure most people in DeFi knows it exists. You can’t find any liquid derivatives markets on it except for spot, even though it’s Gold backed.
Just a thought.