Tether CEO: aUSDT stabilization mechanism is different from USDT and requires collateralization of Tether Gold to create
Odaily2024/06/17 12:33
By:Odaily
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.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
New spot margin trading pair — SAHARA/USDT!
Bitget Announcement•2025/06/27 05:54
SAHARAUSDT now launched for futures trading and trading bots
Bitget Announcement•2025/06/26 12:16
New spot margin trading pair — H/USDT!
Bitget Announcement•2025/06/26 03:31
Bitget x BLUM Carnival: Grab a share of 2,635,000 BLUM
Bitget Announcement•2025/06/25 14:00
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$108,252.2
+0.84%
Ethereum
ETH
$2,455.46
+1.17%
Tether USDt
USDT
$1
+0.00%
XRP
XRP
$2.19
-0.04%
BNB
BNB
$650.6
+0.62%
Solana
SOL
$151.33
+3.07%
USDC
USDC
$0.9999
+0.01%
TRON
TRX
$0.2749
-0.31%
Dogecoin
DOGE
$0.1644
+1.53%
Cardano
ADA
$0.5651
+1.13%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now