Tether launches Alloy by Tether platform, with the first token being aUSD.
Tether has announced the official launch of the Alloy by Tether platform, which allows the creation of different tethered assets, designed to track the price of reference assets through stable strategies such as current asset over-collateralization and secondary market liquidity pools. The first token in the Alloy by Tether family is aUSD. This digital currency is designed to track the value of one dollar. aUSD is unique in that it is over-collateralized by Tether Gold (XAU), which means it is backed by real physical gold stored in Switzerland. Users can create aUSD tokens using Tether Gold (XAU) as collateral.