Categories: MarketsMenafn

Alloy by Tether Will Be Backed by Gold

Tether. has recently added a new feature to its ecosystem, aiming to take over the crypto space.

In a press release, the stablecoin issuer announced the launch of Alloy by Tether. Alloy by Tether is a new asset backed by Tether Gold. The new asset aims to combine the benefits of a stable unit of account with the security and reliability of gold. This latest offering seeks a dependable option for those looking for stability and security in their digital assets.

Alloy by Tether: A Gold-Backed Digital Asset

The recent launch of Alloy by Tether is aimed at users wanting to perform digital transactions, payments, and remittances with a familiar currency. Users can complete these transactions without selling their Tether Gold (XAUT).

Alloy by Tether introduces tethered assets that track reference asset prices through over-collateralization and secondary market liquidity pools. The first token in this lineup is aUSDT, designed to track the value of $1. USDT is over-collateralized by Tether Gold, supported by physical gold stored in Switzerland. Users can create aUSDT tokens using XAUT as collateral.

The smart contracts for Alloy by Tether are deployed on the Ethereum Mainnet. Users can mint aUSDT by depositing XAUT as collateral, with transparency ensured by smart contracts and Price Oracles. Alloy by Tether allows for the creation of various tethered assets, including potential yield-bearing products.

Moon Gold NA and Moon Gold El Salvador manage the issuance and management of Alloy by Tether. Tether seeks a $1 billion investment in future A.I. and A.I. technology ventures. Recently, Tether invested $200 million in Blackrock Neurotech, a neural implant firm competing with Elon Musk’s Neuralink.

Tether to Invest $1bn Over Next Year

Tether plans to invest $1 billion in infrastructure, A.I., and A.I. development over the next 12 months, according to CEO Paolo Ardoino. Additionally, Tether has provided significant financial backing to the XREX Group to enhance innovative financial solutions and create efficient cross-border B2B payment gateways. Tether invested $18.75 million in XREX Group to improve solutions for detecting and preventing the illicit use of stablecoins.

In other news, Tether CEO Paolo Ardoino criticized the Ripple CEO for spreading fear, uncertainty, and doubt (FUD) about USDT ahead of Ripple’s stablecoin launch in June.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Agrifi AGF Token Transforms DeFi with Real Farmland Utility and On-Chain Yields

Estonia, 22nd October 2025, ZEX PR WIRE, AgriFi, a blockchain-powered agricultural finance protocol, is redefining…

14 hours ago

Ride the Festive Wave: From London to Manchester’s Christmas Markets with Global Airport Taxi

Manchester Christmas Markets — The Beating Heart of Britain’s Festive Season London, UK, 21st October…

14 hours ago

Travel Smarter: Sky Bridge Cars Sets a New Benchmark for Heathrow Taxi Excellence

London, UK, 21st October 2025, ZEX PR WIRE, For millions of passengers travelling through Heathrow…

14 hours ago

Top ICO 2025: IONIX Chain is the Best Crypto Presale for the Next 1000x Gains

Dubai, UAE, 21st October 2025, ZEX PR WIRE, In a year that’s already shaping up…

14 hours ago

Bolivia President-Elect Adopts Blockchain Plan To Curb Corruption

Bolivia’s president-elect, Rodrigo Paz, has a bold plan to use blockchain technology in government buying…

2 days ago

ANOME Unveils AnoMEME: A Meme Token Card LaunchPad Built on ERC-404 — Where Meme Tokens Become Meme Cards

Singapore, 20th October 2025, ZEX PR WIRE, ANOME, the Web3 ecosystem uniting NFTs, GameFi, and…

2 days ago