🥇Tether is launching a gold-backed stablecoin named Alloy (aUSDT), pegged to the US dollar. This synthetic dollar mimics the value and functionality of the USD, but isn't directly backed by it. Instead, it's overcollateralized by Tether’s gold-pegged XAUT. Alloy by Tether allows holders to maintain exposure to gold while having a dollar-referenced asset for payments and daily economy. The platform could also create other tethered assets, including yield-bearing products. The synthetic dollar can be minted by depositing XUSDT through a smart contract and price oracles. Tether is offering a bonus to USDT holders at a 2:1 ratio, setting aside 10 million aUSDT for this.