• Alloy by Tether innovatively ties stability to Tether Gold’s physical reserves in Swiss vaults.
• Smart contracts ensure transparency in minting aUSD₮, monitored by Price Oracles for value integrity.
• Alloy serves both individuals and institutions with a secure, gold-backed digital asset.

Tether, the issuer of the world’s largest stablecoin, is launching Alloy, a new digital asset platform that combines the stability of the U.S. dollar with the security of gold. The first token on the platform, aUSD₮, is backed by Tether Gold (XAU₮), physical gold reserves held in Switzerland.

Alloy, developed by Tether subsidiaries Moon Gold NA, S.A. de C.V., and Moon Gold El Salvador, S.A. de C.V., introduces the concept of “tethered assets.” These assets are designed to track the value of reference assets like the U.S. dollar through over-collateralization and secondary market liquidity pools.

aUSD₮, the first token on the platform, is pegged to the U.S. dollar and backed by Tether Gold (XAU₮). This allows users to transact, pay, and send remittances using a digital currency that mirrors the stability of the U.S. dollar without having to sell their gold holdings.…

The post Tether’s New Platform Merges Dollars and Gold in Digital Asset appeared first on Coin Edition.

• Alloy by Tether innovatively ties stability to Tether Gold’s physical reserves in Swiss vaults.
• Smart contracts ensure transparency in minting aUSD₮, monitored by Price Oracles for value integrity.
• Alloy serves both individuals and institutions with a secure, gold-backed digital asset.

Tether, the issuer of the world’s largest stablecoin, is launching Alloy, a new digital asset platform that combines the stability of the U.S. dollar with the security of gold. The first token on the platform, aUSD₮, is backed by Tether Gold (XAU₮), physical gold reserves held in Switzerland.

Alloy, developed by Tether subsidiaries Moon Gold NA, S.A. de C.V., and Moon Gold El Salvador, S.A. de C.V., introduces the concept of “tethered assets.” These assets are designed to track the value of reference assets like the U.S. dollar through over-collateralization and secondary market liquidity pools.

aUSD₮, the first token on the platform, is pegged to the U.S. dollar and backed by Tether Gold (XAU₮). This allows users to transact, pay, and send remittances using a digital currency that mirrors the stability of the U.S. dollar without having to sell their gold holdings.…

The post Tether’s New Platform Merges Dollars and Gold in Digital Asset appeared first on Coin Edition.