Tether Announces Launch of New Gold-Backed Stablecoin With Overcollateralized Reserves

The firm behind the largest stablecoin by market cap is launching a new digital asset backed by real gold. USDT issuer Tether is announcing a new digital asset backed by over-collateralized Tether Gold (XAUT) called aUSDT. According to the press release, aUSDT is the first product from a new line-up of offerings called Alloy by The post Tether Announces Launch of New Gold-Backed Stablecoin With Overcollateralized Reserves appeared first on The Daily Hodl .

Source: The Daily Hodl