Tether Launches Alloy, New Innovation In Gold Asset Tokenization

Tether launched Alloy, a new innovation in gold asset tokenization (Photo; Doc. Master The Crypto)

JAKARTA - Tether, the world's leading stablecoin company, recently announced the launch of Alloy, an asset series that promises a revolution in asset tokenization with gold standards. With this bold move, Tether not only strengthens its position in the crypto asset market but also opens up a new chapter in digital financial history.

Alloy is a breakthrough from Tether designed to revive legendary gold standards in digital form. This asset series is the result of a collaboration between Moon Gold NA, SAS de CV. and Moon Gold El Salvador, SAS de CV., both of which are integral parts of the Tether group. The name Alloy self reflects the essence of this product: the inclusion of traditional values of gold with the flexibility of digital currencies.

According to Bitcoin.com News information, Alloy adopted the concept of tethered assets', where the value of digital assets is associated with other currencies but guaranteed by gold-like liquid assets. This approach offers consistent value stability between reference assets and its tethered pairs, an innovative solution that answers price volatility challenges in the crypto asset market.

AUSDT is the first token of the Alloy series launched by Tether. The token tracks the price of the US dollar and is backed by gold through Tether Gold (XAUT). The uniqueness of AUSDT lies in the support of physical gold stored safe in Switzerland, providing solid value guarantees for token holders.

Paolo Ardoino, CEO of Tether, emphasized that AUSDT is not just an ordinary stablecoin; it is a step forward in stabilizing the value of digital assets with concrete support from physical gold. Ardoino also added that this technology will soon be available on the Tether digital tokenization platform.

With the launch of AUSDT, users can now enjoy the stability of the dollar value supported by gold reliability. More than 8 million AUSDTs have been published, supported by more than 140 kg of gold. This is clear evidence of Tether's commitment to continuing to innovate and provide relevant solutions to the current market.