The creators of Tether, the biggest dollar-pegged stablecoin in the world, have introduced a new class of digital currency known as "tethered assets."



A new token "backed by real physical gold stored in Switzerland" will be introduced as the organization's digital asset line launches.



The "Alloy by Tether" coin, which will be the inaugural release from Tether, will go by the name aUSDT.



The Alloy platform by Tether is an open platform that facilitates the production of synthetic digital assets with collateral. The CEO of the company, Paolo Ardoino, wrote that it will soon be integrated into the new platform for tokenizing digital assets, Tether, which is set to launch later this year.

According to Tether, aUSDT is a cryptocurrency that is "over-collateralized by Tether Gold (XAUT)" and "designed to track the value of one US dollar."



Keep in mind that USDT is far more popular than XAUT, which has a market cap of $573 million. USDT's total market value is over $100 billion.