Tether launches dollar-pegged stablecoin backed by Tether Gold - Alloy
Stablecoin issuer Tether has announced the launch of dollar-pegged stablecoin - Alloy backed by Tether Gold. Alloy introduces a novel category of digital assets known as tethered assets, designed to track the price of reference assets through stabilization strategies. The first token in the Alloy by Tether lineup is aUSD₮.
aUSD₮ is unique in that it is over-collateralized by Tether Gold (XAU₮), which means it is supported by real physical gold stored in Switzerland.
