On June 17, Tether CEO Paolo Ardoino announced the launch of aUSDT, a new synthetic dollar backed by gold through XAUt, Tether's digital asset.

Industry analyst Willy Wu called it a "brilliant business idea." Instead of issuing USDT and receiving income from US Treasury bills, a company can issue aUSDT and profit from the increase in the value of gold.

Wu also suggested that Tether could issue a Bitcoin-backed stablecoin, bUSDT, given that the company is actively accumulating BTC.

Ardoino also introduced Tether's Alloy, an open platform allowing users to create collateralized synthetic digital assets.