Hey guys.
Tether (USDT stable) Announces Launch of Alloy by Tether: A New Digital Asset Backed by Tether Gold.
The first token in the Alloy by Tether lineup is aUSD₮. This digital currency is designed to track the value of one US dollar. What makes aUSD₮ unique is that it is over-collateralized by Tether Gold (XAU₮), which means it is supported by real physical gold stored in Switzerland.
In essence, we are all participants in the process of cryptocurrencies penetrating a conservative asset class such as precious metals.
Stay tuned.
