PANews reported on June 17 that Tether announced the launch of "Alloy by Tether", a new dollar-pegged stablecoin over-collateralized by Tether Gold (XAU₮). Alloy by Tether was developed by Moon Gold NA, SA de CV and Moon Gold El Salvador, SA de CV, both members of the Tether Group. The first token in the Alloy by Tether series 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 backed by real physical gold stored in Switzerland.
