Tether Unveils aUSDT: A Gold-Backed Stablecoin with High Profit Potential

1 min read

11 months ago bitnews

On June 17, Tether CEO Paolo Ardoino disclosed the launch of aUSDT, a novel synthetic dollar that is over-collateralized by XAUt, Tether’s gold-backed digital asset. The next day, renowned industry analyst and creator of the stock-to-flow model Willy Woo lauded Tether’s innovation, calling it “a genius business idea.” Woo explained that this new stablecoin could