Tether CEO: aUSDT stabilization mechanism is different from USDT and requires collateralization of Tether Gold to create

Odaily News Tether CEO Paolo Ardoino said that Alloy by Tether launched today is an open platform that allows the creation of different tethered assets with a broader support mechanism. aUSDT is a digital asset backed by gold and pegged to a reference fiat currency. Its stability mechanism is different from that of USDT. It needs to be created using Tether Gold (XAUT) as collateral. It is mainly aimed at users who want to use a currency as familiar as the US dollar for digital transactions, payments and remittances without having to sell Tether Gold.