📝Tether #Tether launches a new stablecoin backed by gold #GOLD

✅ The day before yesterday, Monday, Tether, the cryptocurrency giant and the company behind the #usdt‏ coin, on Monday unveiled a new category of gold-backed stablecoins called Alloy by Tether.

⚪The first token in the Alloy by Tether collection is ₮USD. This digital currency is designed to track the value of one US dollar. What makes ₮USD unique is that it is entirely backed by Tether Gold (₮XAU).

🔵 Meaning that it is backed by real physical gold stored in Switzerland, users can create #FavoriteToken ₮USD tokens using Tether Gold (₮XAU) tokens as collateral.

🔲 Currently the new USDT (₮USD) is only available on the Ethereum blockchain (#ETH: ).

♦️ USDT also remains the leading stablecoin on the market, with a value of over $112.45 billion.