Tether launches gold-collateralized stablecoin aUSD₮! Digital asset tokenization platform will be launched

Tether, the world's largest stablecoin issuer, announced the launch of Alloyby Tether, which tracks the price of reference assets through stable strategies such as over-collateralization of liquid assets and secondary market liquidity pools. Currently, it is launched first The stablecoin aUSD₮ is minted by Tether Gold (XAU₮) over-collateralization.

XAU₮ issued by Tether

The gold stablecoin XAU₮ issued by Tether is issued in ERC-20. Each token is backed by one troy ounce of gold, and its contract address shows , the current circulating supply is 246,524.33XAU₮, and the market value is approximately US$570 million. There are no custody fees and transaction gas fees, only a one-time fee of 25 basis points is required when purchasing or redeeming. And if you want to exchange it for physical gold, Tether can also ship physical gold bars to any address in Switzerland (additional shipping costs apply). However, physical delivery is limited to the fixed specifications of physical gold, and XAU₮ exceeding 430TOZ is required to be redeemed into physical gold bars.

aUSD₮ is collateralized by XAU₮

Tether’s newly launched aUSD₮ can be considered a stablecoin with the goal of tracking the value of one U.S. dollar. aUSD₮ is unique in that it is over-collateralized by Tether Gold (XAU₮), meaning it is backed by real physical gold stored in Switzerland.

Users can create aUSD₮ tokens using Tether Gold (XAU₮) as collateral. This is a very useful and innovative combination for users who want to conduct digital transactions, payments and remittances using a currency as familiar as the US dollar without having to sell XAU₮. Currently, Alloyby Tether smart contracts have been deployed on the Ethereum mainnet. Users can mint aUSD₮ by depositing Tether Gold (XAU₮) as collateral through a process managed by an Ethereum-compatible smart contract. The aUSD₮ smart contract ensures transparency by tracking all collateral and minted tokens, using a price oracle to continuously evaluate the Mint to Value (MTV) ratio.

Preview to launch digital asset tokenization platform

According to its announcement, Alloyby Tether is an open platform that allows the creation of different Tether assets with a wider range of support mechanisms, potentially including yield-generating products. . Moon Gold NA, SA de CV and Moon Gold El Salvador, SA de CV, authorized by El Salvador’s CNAD, are responsible for the issuance and management of Tether Alloy to meet different customer groups and regulatory requirements.

Tether CEO Paolo Ardoino said: This innovative solution marks an exciting milestone. We also plan to offer this innovative technology in our upcoming digital asset tokenization platform.

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