Tether Launches New Gold-Backed Digital Currency, aUSDT

Tether announced the creation of a new synthetic dollar backed by gold

The token, aUSDT, was developed on the company’s Alloy by Tether platform

Tether Gold (XAUt), the underlying asset for aUSDT, boasts a market capitalization of approximately $573 million

The stablecoin issuer contends that this gold-backed digital asset allows users to engage in transactions, payments, and remittances using a currency similar to the US dollar

Tether’s introduction of a gold-backed synthetic dollar, aUSDT is a milestone in expanding the company’s stablecoin offerings