Tether Launches New Digital Asset Backed by Tether Gold

Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset 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, the company said in a Monday (June 17) press release.

Source: pymnts.com

Related symbols: XAUTUSD