Back

Tether Considers Gold Mining Investment as WLFI Blocks Justin Sun’s Address

The U.S. labor market slowed with just 22,000 new jobs in August, while Tether explores gold mining opportunities and Trump-linked World Liberty Financial blacklisted Justin Sun’s blockchain address.

USDT

Summary

The U.S. labor market reported weaker growth in August with only 22,000 new jobs. Stablecoin issuer Tether (USDT) is evaluating potential investments in gold mining. Meanwhile, World Liberty Financial (WLFI), a project tied to former U.S. President Donald Trump, has blacklisted a blockchain address linked to entrepreneur Justin Sun.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset such as the U.S. dollar or commodities like gold to reduce volatility.
  • Blockchain Address Blacklisting: The act of marking specific wallet addresses as restricted, preventing them from participating in transactions within a network or platform.
  • Gold Mining Investment: An investment strategy where companies allocate capital into gold extraction operations, often used as a hedge against inflation and market volatility.