Billionaire hedge fund manager Ray Dalio, founder of Bridgewater Associates, has once again voiced concerns about the long-term stability of the U.S. dollar. In a recent discussion, Dalio argued that the nation’s rising debt levels, persistent fiscal deficits, and growing geopolitical tensions are undermining global trust in the dollar as the world’s reserve currency.

Tether, the issuer of the widely-used USDT stablecoin, has introduced its gold-backed token, XAU₮, on Maxbit, a cryptocurrency exchange based in Thailand.