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: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!
You may also like
Bitcoin ETFs Record $92M Net Inflow as Major Players See Varied Movements
Cryptonewsland•2024/09/22 09:30
VeChain Gains U.S. Patent for Securing User Authentication in Blockchain
Cryptonewsland•2024/09/22 09:30
VanEck predicts Bitcoin growth under both Harris and Trump in 2024
Grafa•2024/09/22 09:20
Ethereum Foundation raises $10 million in ETH sales every 11 days
Grafa•2024/09/22 09:20
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$62,760.02
-0.48%
Ethereum
ETH
$2,581.43
+1.24%
Tether USDt
USDT
$1
+0.01%
BNB
BNB
$583.11
-0.36%
Solana
SOL
$145.51
-1.19%
USDC
USDC
$1
+0.01%
XRP
XRP
$0.5942
+1.64%
Dogecoin
DOGE
$0.1072
+0.87%
TRON
TRX
$0.1517
-0.06%
Cardano
ADA
$0.3527
-0.55%
Bitget pre-market
Buy or sell coins before they are listed, including HMSTR, SCR, OGC, EIGEN, and more.
Trade now
Not a Bitgetter yet?Sign up now to embark on a journey into the crypto world!
Sign up now