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Tether expands
Tether, the issuer of the USDT stablecoin, announced the launch of the Alloy Project, a new gold-backed dollar-pegged stablecoin.
The Alloy project was developed by Moon Gold NA, SA de CV and Moon Gold El Salvador, SA de CV, which are members of the Tether Group. The first token in the Alloy — series this is aUSDT.
What makes the new aUSDT different is that it is backed by real physical gold stored in Switzerland. The goal of this new stablecoin is to provide a secure and stable digital asset, pegged to the value of the US dollar, and also backed by a tangible asset — gold, providing an additional level of security and stability for users.