Tether Announces New Stablecoin, aUSDT

June 18, 2024 Tóth Balázs

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Stablecoin issuer Tether has announced a new category of stablecoins called synthetic digital assets. The first token in this category will be called Alloy by Tether, with the ticker aUSDT. It will be pegged to the USD but overcollateralized by Tether Gold (XAUT). XAUT is theoretically backed by physical gold stored in Switzerland.

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Tether Announces New Stablecoin, aUSDT

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