Tether is launching a new dollar-backed stablecoin, aUSDT, as part of its "Alloy" project. This token will be unique because it is backed by Tether's XAUT, a stablecoin tied to gold physically stored in Switzerland. Users will be able to issue aUSDT by using XAUT as collateral.

Despite analysts' conclusions that gold-backed stablecoins have limited demand, the new aUSDT token will maintain a value equivalent to USDT. The introduction of this stablecoin may be a strategic move by Tether in response to potential regulatory changes in the EU that could affect USDT. $USDT