Tether Launches aUSDT Stablecoin Backed by Tether Gold

Tether has launched a new synthetic dollar, aUSDT, on its Alloy platform, which is backed by over-collateralized Tether Gold (XAUT) and pegged to the US dollar. This initiative aims to combine the stability of the US dollar with the security of gold, allowing users to mint aUSDT by depositing XAUT as collateral. Managed through Ethereum-compatible smart contracts, the platform ensures transparency and stability, with potential for future yield-bearing products. The move signifies Tether's strategy to diversify beyond its USDT stablecoin, facilitating the tokenization of various assets. The Alloy platform is part of Tether's broader digital asset tokenization plans set to launch later this year.