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. dollar. Alloy is part of the "Alloy by Tether" platform, which will expand to include other real-world asset tokenizations and potentially yield-bearing products. This initiative, led by Tether subsidiaries Moon Gold and Moon Gold El Salvador, is designed to offer both stability and flexibility for everyday transactions without direct dollar backing. Additionally, Tether has incentivized USDT holders with a 2:1 bonus offer, earmarking 10 million aUSDT for this promotion.

The mobile game "Heroes of Mavia," available on iOS and Android, is entering "Phase 2: Next Frontier" to integrate its Ethereum-based MAVIA tokens into gameplay. This phase introduces a web marketplace for trading NFTs and a conversion tool to swap in-game RUBY currency for MAVIA tokens. Despite its successful launch with over 4 million downloads, the MAVIA token has seen a significant price decline, dropping nearly 80% from its all-time high. The integration plan includes 10 new features such as staking pools and a PvP game mode, aiming to establish a sustainable token ecosystem within the next four months.