Tether, the issuer of USDT, has launched aUSDT, a new token backed by Tether Gold (XAUT)
💲 aUSDT combines the stability of a dollar-pegged token with the security of gold, stored in Swiss vaults.
🔨 Users can mint aUSDT using XAUT as collateral.
"Alloy" series #tokens are designed to maintain a stable value by tracking benchmark assets and using stabilization strategies like over-collateralization and secondary market #liquidity pools.
📝 The Alloy smart contracts on Ethereum ensure transparency by tracking all collateral and issued tokens with price oracles.
👀 Tether states this innovative token benefits users who want to engage in digital #transactions with a familiar currency without selling their XAUT. 🚫💰
