Physical gold (virtually) counter value in main balance

[serrq]

https://gold.tether.to/

Since 1 XAUT token is equivalent to 1 troy ounce gold bar, then every other value can be calculated proportionally in order to get a counter value in gold standard (t, toz, oz, etc.)

So every other balance, for example BCH, AVAX, SOL, etc. can be easily converted in XAUT, and afterwards from XAUT to Troy Ounces (toz) in main balance, without further APIs to do this. Just turn XAUT label in toz.

For example:

1.05 XAUT ----> 1.05 toz

This would be how much gold one virtually owns in main balance (counter value).

[serrq]

I write this at a time when the US dollar has been dethroned, BRICS countries are formalizing their native currency, and physical gold is the most widely used commodity as collateral in major stablecoins.

We need of a new global standard in counter value. Flagless. Stateless. Leaderless. Free from third party interferences.