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CoinOtag 2024-06-18 19:12:15

Tether Unveils aUSDT: A Gold-Backed Stablecoin with High Profit Potential

On June 17, Tether CEO Paolo Ardoino disclosed the launch of aUSDT, a novel synthetic dollar that is over-collateralized by XAUt, Tether’s gold-backed digital asset. The next day, renowned industry analyst and creator of the stock-to-flow model Willy Woo lauded Tether’s innovation, calling it “a genius business idea.” Woo explained that this new stablecoin could

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