🟢Tether has introduced a new token— aUSDT. It aims to rethink stability in the digital economy by combining the advantages of a stable unit of account with the security and reliability of gold.
🟢The token is backed by real physical metal—Tether Gold (XAUT), which is stored in vaults in Switzerland. Users can mint aUSDT by using XAUT as collateral.
🟢This stablecoin surpasses its competitor PAX Gold in terms of market capitalization. The open platform Alloy allows for the creation of various collateralized assets with broader security mechanisms.
🟢The technology represents a modern approach to capital management and may appeal to institutions, offering a secure digital token backed by gold, with the potential for inclusion in portfolios.