💥Tether introduces Alloy (aUSD₮), a stablecoin pegged to the U.S. dollar but backed by Tether Gold (XAU₮)! 🎉 This digital asset combines the stability of the dollar with the value-preserving characteristics of gold. It's minted using Ethereum Virtual Machine (EVM)-compatible smart contracts, ensuring smooth integration within the Ethereum ecosystem. 🚀

Users can mint aUSD₮ by depositing XAU₮ into a smart contract, or trade it on exchanges like Bitfinex. Fees apply for minting, returning, and liquidating aUSD₮. 💰

The Alloy system utilizes Vaults, Ethereum-compatible smart contracts, for minting and managing aUSD₮. These Vaults facilitate independent and permissionless verification of the XAU₮ collateral backing aUSD₮ circulation. 🏦

aUSD₮ offers stability through its dollar peg and gold backing, and transparency through auditable smart contracts. It's a resilient alternative to the traditional banking system, providing investors with stability, diversity, and passive income opportunities. 🌐

What are your thoughts on this new stablecoin? Share in the comments! 👇