Tuesday, June 18, 2024

Tether Announces New Synthetic Dollar a USDT That’s Backed by Gold

Good news! The golden years of digital currency are about to begin! (just kidding)

"Alloy by Tether designed to track dollar with gold collateral
Tether Gold has a $573 million market capitalization ..."

"Tether, the largest company in the cryptocurrency industry, is excited to announce the official launch of Alloy by Tether, a ground-breaking tethered asset backed by Tether Gold. Developed by Moon Gold NA, S.A. de C.V. and Moon Gold El Salvador, S.A. de C.V., both of whom are members of the Tether Group, Alloy by Tether aims to redefine stability in the digital economy by combining the strengths of a stable unit of account with the security and reliability of gold. ..."

Tether Announces New Synthetic Dollar aUSDT That’s Backed by Gold - Bloomberg

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