Tether, the world’s largest stablecoin issuer, announced the launch of
Alloy by Tether, which tracks the price of reference assets through stability strategies such as over-collateralization of liquid assets and secondary market liquidity pools. The stablecoin
aUSD₮ is currently launched first is minted by
TetherGold(XAU₮)over-collateralization.
XAU₮The gold stablecoin
XAU₮ issued by Tether is issued in ERC-20. Each token is backed by one troy ounce of gold. Its contract address shows that the current circulating supply is 246,524.33
XAU ₮, with a market capitalization of approximately US$570 million. There are no custodial fees and transaction
gas fees, only a one-time 25 basis points fee 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. Only
XAU₮ exceeding 430
TOZ can be redeemed into physical gold bars.
aUSD₮Collateralized by
XAU₮Tether’s newly launched
aUSD₮ can be considered a stablecoin with the goal of tracking the value of one US dollar.
aUSD₮ is unique in that it is over-collateralized by
TetherGold (XAU₮), meaning it is backed by real physical gold stored in Switzerland. Users can create
aUSD₮ tokens using
TetherGold(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 the need to sell
XAU₮. Currently, the
Alloy by Tether smart contract has been deployed on the Ethereum mainnet. Users can deposit
TetherGold(XAU₮) as collateral to mint
aUSD₮ through a process managed by an Ethereum-compatible smart contract.
aUSD₮The smart contract ensures transparency by tracking all collateral and minted tokens, using a price oracle to continuously evaluate the Mint to Value (MTV) ratio. Teases launch of digital asset tokenization platform According to its announcement,
Alloy by 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.
MoonGold NA, SA de CV and
MoonGold El Salvador, SA de CV, authorized by the CNAD of El Salvador, 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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