{"id":32604,"date":"2024-06-18T05:08:39","date_gmt":"2024-06-18T05:08:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tether-launches-new-digital-asset-backed-by-gold\/"},"modified":"2024-06-18T05:08:39","modified_gmt":"2024-06-18T05:08:39","slug":"tether-launches-new-digital-asset-backed-by-gold","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tether-launches-new-digital-asset-backed-by-gold\/","title":{"rendered":"Tether Launches New Digital Asset Backed by Gold"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>The firm behind the largest stablecoin by market cap, Tether, is launching a new digital asset backed by real gold. This new product, named aUSDT, is a significant addition to Tether\u2019s offerings.<\/p>\n<p>Tether, <a href=\"https:\/\/igaming.org\/crypto\/tether-expands-usdt-stablecoin-to-ton-network\/\">the issuer of USDT<\/a>, announced aUSDT, a digital asset backed by over-collateralized Tether Gold (XAUT). According to the press release, aUSDT is the first product from a new lineup called Alloy by Tether.<\/p>\n<p><em>\u201cAlloy by Tether introduces a novel category of digital assets known as tethered assets, designed to track the price of reference assets through stabilization strategies like over-collateralization with liquid assets and secondary market liquidity pools,\u201d<\/em> the company stated. <em>\u201cThis innovative approach provides consistent value and stability between the reference asset and its tethered counterpart.\u201d<\/em><\/p>\n<h2>Stability and Market Interaction<\/h2>\n<p>aUSDT is backed by stores of physical gold in Switzerland, ensuring its value is solid and stable. Alloy by Tether smart contracts are currently utilized on Ethereum (ETH), where aUSDT can be created using Tether Gold as collateral.<\/p>\n<p>Tether CEO Paolo Ardoino explained,<em> \u201cWhile the stabilization mechanism is different compared to traditional options like USDT, this innovative solution marks an exciting milestone, and we eagerly anticipate how it will interact with the rest of the market. Moreover, we plan to make this innovative technology available in our upcoming digital asset tokenization platform as well.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong><strong>$600 &amp; 40 Free Spins on 1st Deposit!<\/strong><\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of up to $600<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>This announcement comes shortly after Kaiko Analytics published data suggesting that stablecoin competitors are chipping away at Tether\u2019s market dominance. Tether\u2019s move to introduce aUSDT indicates its strategy to innovate and maintain its leadership in the stablecoin market.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/tether-launches-new-digital-asset-backed-by-gold\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) The firm behind the largest stablecoin by market cap, Tether, is launching a new digital asset backed by real gold. This new product, named aUSDT, is a significant addition to Tether\u2019s offerings. Tether, the issuer of USDT, announced aUSDT, a digital asset backed by over-collateralized Tether [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":32605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32604"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=32604"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/32604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/32605"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=32604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=32604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=32604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}