đTether #Tether launches a new stablecoin backed by gold #GOLD
â The day before yesterday, Monday, Tether, the cryptocurrency giant and the company behind the #usdtâ coin, on Monday unveiled a new category of gold-backed stablecoins called Alloy by Tether.
âȘThe first token in the Alloy by Tether collection is âźUSD. This digital currency is designed to track the value of one US dollar. What makes âźUSD unique is that it is entirely backed by Tether Gold (âźXAU).
đ” Meaning that it is backed by real physical gold stored in Switzerland, users can create #FavoriteToken âźUSD tokens using Tether Gold (âźXAU) tokens as collateral.
đČ Currently the new USDT (âźUSD) is only available on the Ethereum blockchain (#ETH: ).
âŠïž USDT also remains the leading stablecoin on the market, with a value of over $112.45 billion.