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The Daily Hodl 2024-06-17 18:41:04

Tether Announces Launch of New Gold-Backed Stablecoin With Overcollateralized Reserves

The firm behind the largest stablecoin by market cap is launching a new digital asset backed by real gold. USDT issuer Tether is announcing a new digital asset backed by over-collateralized Tether Gold (XAUT) called aUSDT. According to the press release, aUSDT is the first product from a new line-up of offerings called Alloy by The post Tether Announces Launch of New Gold-Backed Stablecoin With Overcollateralized Reserves appeared first on The Daily Hodl .

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