Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets

Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar using Tether Gold (XAUT) as collateral.

Source: news.bitcoin.com

Related symbols: STNDUSD