Crypto Blog
On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset.
Tether’s USDT is currently earning on U.S. Treasury Bills, but now the firm can issue a stablecoin that earns on gold gains, he explained. Instead of issuing USDT and earning the T-Bills yield, the company can issue aUSDT earning the gain on gold. He compared the asset to Terraform Labs’ Terra and Luna, which was a stablecoin backed by a volatile asset.
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