Tether launches Alloy by Tether, a gold-backed stablecoin pegged to the US Dollar.

Tether has introduced Alloy by Tether, a new gold-backed stablecoin pegged to the US Dollar. Alloy by Tether allows the creation of tokens using Tether Gold (XAUt) as collateral, providing users with exposure to gold while allowing them to use it for payments and day-to-day operations. The first "Tethered Asset" to be produced using this concept is aUSDT, a USD-denominated token over-collateralized by gold.