Tether CEO Paolo Ardoino has just announced aUSDT, a new digital currency backed by XAUt, Tether's digital asset backed by gold. 🥳 "Tether's genius business idea," said industry analyst Willy Woo. With aUSDT, Tether can profit from rising gold prices, which in the long term can reach 8%, compared to T-Bills which is only 0-5%. Woo also thinks that Tether might issue Bitcoin-backed bUSDT in the future. What do you think about this idea? 🤔

Additionally, Ardoino also introduced Alloy by Tether, an open platform that allows users to create collateralized synthetic digital assets. It will soon be part of Tether's new digital asset tokenization platform, which will launch later this year.

Tether is currently the market leader for dollar-held stablecoins, with a top circulation of $112.5 billion USDT and a market share of around 70%. Do you think aUSDT will be a huge success like USDT? Share your opinion in the comments column!