Tether launches Alloy by Tether platform, with the first token being aUSD₮

Tether has officially launched the Alloy by Tether platform, which allows the creation of different tethered assets. The platform aims to track the price of reference assets through stable strategies such as excess collateralization of liquid assets and secondary market liquidity pools. The first token in the Alloy by Tether series is aUSD₮. This digital currency aims to track the value of one US dollar. The uniqueness of aUSD₮ is that it is over-collateralized by Tether Gold (XAU₮), which means it is backed by real physical gold stored in Switzerland. Users can use Tether Gold (XAU₮) as collateral to create aUSD₮ tokens.