Tether has launched the first of its pegged assets backed by gold

The company Tether, which issues USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), in a new line of pegged assets called Alloy.

According to the press release, aUSDT aims to rethink stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold.

Alloy represents a new category of "pegged" digital tokens designed to track the prices of benchmark assets using stabilization strategies such as over-collateralization with liquid assets and secondary market liquidity pools.

This approach helps maintain a stable value and a resilient link between the benchmark asset and its pegged counterpart, as noted by the company.

The aUSDT token is designed to track the value of $1 and is backed by Tether Gold (XAUT) — physical metal stored in Switzerland.

Users can issue aUSDT using XAUT as collateral.

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