Tether launches the Alloy by Tether platform, with the first token being aUSD⃦

Golden Finance reported that Tether has officially launched the Alloy by Tether platform, which allows the creation of different tethered assets. The platform aims to track the price of reference assets through strategies such as over-collateralization of liquid assets and secondary market liquidity pools. The first token in the Alloy by Tether series is aUSD₮, a digital currency designed to track the value of one US dollar. What makes aUSD₮ unique is 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.