Launch of aUSDt: Tether's First Synthetic Dollar | Flash News Detail | Blockchain.News
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6/17/2024 12:37:29 PM

Launch of aUSDt: Tether's First Synthetic Dollar

Launch of aUSDt: Tether's First Synthetic Dollar

According to @paoloardoino, Tether has launched aUSDt, its first synthetic dollar, which is over-collateralized by Tether Gold (XAUt). The platform, Alloy by Tether, allows the creation of collateralized synthetic digital assets and will soon be integrated into Tether's new digital assets ecosystem. This development could offer new trading opportunities, particularly for those interested in synthetic assets and gold-backed cryptocurrencies.

Source

Paolo Ardoino

@paoloardoino

Paolo Ardoino is the CEO of Tether (issuer of USDT), CTO of Bitfinex,