Demex Daily #178: Tether Launches Gold-Backed 'Alloy' Stablecoin
What’s Interesting Today:
Tether has launched a new gold-backed, U.S. dollar-pegged stablecoin named Alloy (aUSDT), the first of its kind by the company. The coin, which is overcollateralized by Tether Gold (XAUt), provides holders with exposure to gold while maintaining the value and functionality of the U.S.