Tether, the leading stablecoin issuer, has launched a groundbreaking new digital asset platform called Alloy. This innovative platform combines the stability of the U.S. dollar with the security of physical gold reserves.

Introducing aUSD₮: A Gold-Backed Digital Asset

The first token on the Alloy platform is called aUSD₮, which is pegged to the U.S. dollar and backed by Tether Gold (XAU₮) – physical gold reserves held in secure vaults in Switzerland. This allows users to transact, pay, and send remittances using a digital currency that mirrors the stability of the U.S. dollar, without having to sell their gold holdings.

Ensuring Transparency and Integrity

The Alloy platform utilizes smart contracts to ensure transparency in the minting of aUSD₮. The value of the token is monitored by Price Oracles, ensuring the integrity of the asset's value.

Serving Individuals and Institutions

Alloy is designed to serve both individual users and institutional investors, providing a secure, gold-backed digital asset that offers the stability of the U.S. dollar and the security of physical gold reserves.

Tethered Assets: Tracking Reference Assets

Alloy introduces the concept of "tethered assets," which are designed to track the value of reference assets like the U.S. dollar through over-collateralization and secondary market liquidity pools. This innovative approach aims to provide users with a stable and secure digital asset.

Overall, Tether's Alloy platform represents a significant step forward in the world of digital assets, merging the stability of the U.S. dollar with the security of physical gold reserves to create a unique and compelling digital offering.