Tether Unveils Gold-Backed Digital Asset
Tether launched Alloy, introducing aUSD₮, a digital asset over-collateralized by Tether Gold (XAU₮), blending dollar utility with gold’s value.
The Deets
- Alloy by Tether: aUSD₮ is over-collateralized by Tether Gold (XAU₮)
- Price Stability: Maintained through supply/demand dynamics in secondary markets
- Utility and Value: Combines the world’s most popular currency with a millennial store of value
- Open Platform: Allows the creation of various Tethered Assets with broader backing mechanics
The Bulk
Tether introduced Alloy by Tether or aUSD₮, a digital asset over-collateralized by Tether Gold (XAU₮). This innovative asset merges the utility of the US dollar with the enduring value of gold, offering users a unique financial tool.
The price stability of aUSD₮ is maintained through supply and demand dynamics in secondary markets, including liquidity pools. This ensures that aUSD₮ remains a reliable asset for various financial activities, from day-to-day transactions to long-term investments.
Alloy by Tether provides an open platform that supports the creation of different Tethered Assets. These assets can have broader backing mechanics and potentially include yield-bearing products, offering a versatile solution for investors looking to diversify their portfolios.
Back It Up
Gold has been a trusted store of value for millennia, while the US dollar remains the most widely used currency in the world. Alloy by Tether leverages the strengths of both, offering a digital asset that provides stability, utility, and long-term value.
🔜 What's Next?
Tether plans to expand the Alloy platform to include a variety of Tethered Assets, potentially incorporating yield-bearing products and other innovative financial tools.
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