#TrendBTC Tether Launches Alloy, US Dollar-Pegged Stablecoin Backed By Gold
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Tether Launches Alloy, US Dollar-Pegged Stablecoin Backed by Gold
Tether is stepping into new territory with the launch of Alloy (aUSDT), a gold-backed stablecoin pegged to the U.S. dollar. According to Tether, Alloy will be overcollateralized by Tether Gold (XAUt), a token representing ownership of physical gold, while being pegged to the U.S. dollar. This arrangement makes Alloy a synthetic dollar, designed to emulate the value and functionality of the U.S. dollar without direct backing.
In an explanatory post on X, Tether described tethered assets as digital assets intended to track the reference price of another asset through various stabilization mechanisms. Alloy by Tether claims to offer long-term holders the chance to maintain gold exposure while simultaneously obtaining a dollar-referenced tethered asset for everyday transactions and payments. Alloy can be minted on the new Alloy by Tether platform, offering a unique blend of stability and flexibility for digital asset holders.
The introduction of aUSDT offers both stability and flexibility. Tether indicated that other tethered assets, including yield-bearing products, could also be developed on the Alloy platform. The synthetic dollar can be minted by depositing XAUt through a smart contract and price oracles, allowing users to conduct transactions with aUSDT while retaining their gold-backed Tether assets.
This development comes in the wake of Tether's record $4.5 billion profit in Q1 2024, primarily driven by Bitcoin and gold. The creation of aUSDT was spearheaded by Tether subsidiaries Moon Gold and Moon Gold El Salvador. Tether CEO Paolo Ardoino noted that Alloy by Tether will become part of a broader real-world asset tokenization platform launching later this year.

#BTCUSD.... #write2earn🌐💹
According to crypto analyst Jason Pizzino, this divergence between Bitcoin and altcoins is expected in the current market cycle. In his latest YouTube video, Pizzino explains why Bitcoin’s price increase does not necessarily signal a broad recovery for the crypto market yet.
The analyst notes that while Bitcoin successfully tested a key resistance level around $19,400, it needs to consolidate above that level before confirming an uptrend. When it comes to altcoins, Pizzino points out most major cryptos are hitting new lows against Bitcoin.
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Ethereum in particular has broken below key long-term support levels on its Bitcoin pairing, indicating weakness. Pizzino believes the ETH and BTC pairing could bottom out between 4-5% in early 2024, in line with historical market cycles.
Other major altcoins like XRP, Solana (SOL), Polygon (MATIC) and Chainlink (LINK) have also broken down from local highs, underperforming Bitcoin. According to Pizzino, this weakness in altcoins signifies that only the strongest will participate meaningfully in the next bull market. Investors should be selective and wait for clear technical signals before buying altcoin dips.
Pizzino also considered broader macro factors like the S&P 500, the US Dollar index, and volatility indices. He noted that despite recessionary fears, these market indicators have stabilized and started consolidating in a range. This supports the case for a gradual recovery in risk assets like crypto, though likely only in 2024-2025.

#TrendBTC

#bitcoin☀️ $BTC $ETH
#InvestSmartly #CryptoNewss
I hope all my brothers are fine. I request again to all of you brothers that you can see in minutes the price of bitcoin and ethereum is at the bottom. Time to buy it, buy it, don't trade it at all, because it's losing billions of dollars right now. So you can sell it and make a very good profit. I will say this again to all of you, don't trade. There is a lot of loss at this time in the market and second place. Buy the coin. And do support trading .

#TrendBTC #buy_long

now at that time it's time to invest in it

it will boost soon and you will obtain

10x profit
$BTC
#BTC #bitcoin #TrendingBinance #TrendBTC

🟢 Long
$QNT
Entry : 65.980728 - 65.3994
Targets :
🎯 66.439369
🎯 67.819415
🎯 69.199461
🎯 70.579508
🛑 Stop : 61.89822
Leverage : 10x
#BinanceTurns7 #SOFR_Spike #BinanceTournament #TrendBTC

Bitcoin is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The currency is approacing resistance at 72000 points, which may give a negative reaction. However, a break upwards through 72000 points will be a positive signal. The currency is assessed as technically slightly positive for the medium long term#BTC☀ #TrendBTC #Predictionexpert $BTC $ETH $BNB

Since the last #btc top in nov 2022, which was 69k , two years later we are 12% lower that top two years ago❗❗❗

While on the other side Spx went up almost 30% and Nasdaq went up more then 40% ...🧐🧐🧐
We are talking here about indexes of markets.
If you want to talk about companies ,companies went 100,200,300,500% more...
We are the worst performing niche in the world.
Why???
Because i am telling you that we are being suppressed, but most people are blind ,no eyes at all.
Etf and other stupid stories are pure fictional bullshit that you can see now.
Blackrock and Fidelity and others are actually supressing btc like they supressed gold and silver for decades now.
And now comes the grand finale where you are gonna probably see a crash while stock market is on highest level ever in history....
#bitcoin #crypto #WeAreAllSatoshi #U.S.UnemploymentNewLow #TrendlineBreakout #TrendBTC