20 June 2024
Tether has introduced “Alloy,” a new gold-backed asset, with its first token, aUSD₮, pegged to the U.S. dollar and backed by Tether Gold. This innovative product aims to provide price stability by combining the stability of the dollar with the value of gold. The system adjusts collateral values in real-time, and liquidates assets if gold’s value drops too low, ensuring overall stability.