Tether: Officially launched the Alloy by Tether platform, with the first token being aUSD₮

According to ChainCatcher news, Tether has officially announced the launch of the Alloy by Tether platform, which allows the creation of different "tethered assets." The platform aims to track the price of reference assets through stable strategies such as over-collateralization with liquid assets and secondary market liquidity pools.

It is reported that the first token in the Alloy by Tether series is aUSD₮. This digital currency is designed to track the value of one dollar. The uniqueness of aUSD₮ lies in the fact that it is over-collateralized by Tether Gold (XAU₮), meaning it is backed by real physical gold stored in Switzerland. Users can use Tether Gold (XAU₮) as collateral to create aUSD₮ tokens.