Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
RK abbasi
--
Bearish
Follow
more parcaz
$BNB
I am loses this cross 10x I thanks more lose
$672buy
BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
See T&Cs.
58
0
Replies
0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
RK abbasi
@Square-Creator-212832728
Follow
Explore More From Creator
Tether Launches Alloy, US Dollar-Pegged Stablecoin Backed by Gold Tether is stepping into new territory with the launch of Alloy (aUSDT), a gold-backed stablecoin pegged to the U.S. dollar. According to Tether, Alloy will be overcollateralized by Tether Gold (XAUt), a token representing ownership of physical gold, while being pegged to the U.S. dollar. This arrangement makes Alloy a synthetic dollar, designed to emulate the value and functionality of the U.S. dollar without direct backing. In an explanatory post on X, Tether described tethered assets as digital assets intended to track the reference price of another asset through various stabilization mechanisms. Alloy by Tether claims to offer long-term holders the chance to maintain gold exposure while simultaneously obtaining a dollar-referenced tethered asset for everyday transactions and payments. Alloy can be minted on the new Alloy by Tether platform, offering a unique blend of stability and flexibility for digital asset holders. The introduction of aUSDT offers both stability and flexibility. Tether indicated that other tethered assets, including yield-bearing products, could also be developed on the Alloy platform. The synthetic dollar can be minted by depositing XAUt through a smart contract and price oracles, allowing users to conduct transactions with aUSDT while retaining their gold-backed Tether assets. This development comes in the wake of Tether's record $4.5 billion profit in Q1 2024, primarily driven by Bitcoin and gold. The creation of aUSDT was spearheaded by Tether subsidiaries Moon Gold and Moon Gold El Salvador. Tether CEO Paolo Ardoino noted that Alloy by Tether will become part of a broader real-world asset tokenization platform launching later this year. 593 Views 16 Likes 3 Quotes 8 Shares 3 Replies Most Relevant Most Recent Comanche En teoria seria mas fuerte que el dolar que esta respaldado en confianza esta en ORO 4h See translation 1 ElectricCripto hay que evaluar su comportamiento..
--
after 11days waiting lose up and up no more money invest
--
I am big loss day by day trading all closed sorry I am not agreed trading brother
--
Eid Mubarak all friends $BTC
--
$ETH some point up friends
--
Latest News
Federal Reserve Faces Policy Dilemma Amid Potential Election Impact
--
Morgan Asset Management Strategist Predicts Broader Gains in U.S. Stock Market
--
Republicans Secure Senate Majority, Paving Way For Clearer Cryptocurrency Regulations
--
Tether Announces USDT Conversion Across Blockchains
--
Dormant Bitcoin Address Activated After Nearly 12 Years
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
