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Renowned cryptocurrency analyst Willy Woo has hinted at the possibility of a Bitcoin (CRYPTO: BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future. What Happened: In a post on Tuesday, Woo praised Tether, the company behind the world's biggest stablecoin by market cap, for their innovative business idea of issuing a stablecoin over collateralized with gold.
The crypto market's correction phase continued on June 18, as Bitcoin (BTC) and Ethereum (ETH) fell to record lows unseen in more than 30-days.
Stablecoin issuer, Tether has faced renewed criticism following allegations concerning the use of USDT in terror financing. The largest stablecoin by market cap has previously come under fire for its alleged use in government bypassing sanctions and other wider illicit uses including money laundering.
Tether, the company behind stablecoin USDT, has created a new synthetic dollar that is backed by gold. Bloomberg's Mike Regan has the story.
Stablecoin issuer Tether has announced a new product in the form of an over-collateralized stablecoin backed by gold.
Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar using Tether Gold (XAUT) as collateral.
Discover Tether's innovative Alloy product that combines the stability of the dollar with the security of users' gold-backed assets.
These are the cryptos to buy that are influential and important cryptocurrencies, and each on the rise for early investors.
Binance P2P announces a promotion for African users, offering a 10,000 USDT reward pool in token vouchers for eligible participants.
Tether has revealed its newest digital asset, Alloy, backed by Tether Gold.
CryptoSlate's James Van Straten and I sat down with Paolo Ardoino, the CEO of Tether, at BTC Prague this month. In one of Paolo's most transparent to date, he addressed several critical topics related to Tether, including FUD surrounding Tether, its holdings in US treasuries, and competition in the industry.
Despite Tether's shiny new offering, Uphold exchange announced to its European users that it will be delisting six stablecoins, including USDT, to comply with MiCA regulation.
Tether, the company behind the $112 billion market cap USDT, has introduced a new gold-backed stablecoin pegged to the U.S. dollar. The new stablecoin, called Alloy (aUSDT), marks Tether's first foray into tethered assets and can be minted on the recently launched Alloy by Tether platform.
On Monday, June 17, stablecoin issuer Tether launched its gold-backed stablecoin Alloy (aUSDT) as a synthetic dollar overcollateralized by Tether Gold (XAUt). This launch comes as part of Tether's attempt to expand its footprint in the rapidly expanding stablecoin market.
Tether, the company behind the USDT stablecoin, has unveiled a new synthetic dollar, Alloy, backed by gold.
Tether has launched Alloy, a new gold-backed stablecoin pegged to the U.S. dollar, marking the first phase in its real-world asset tokenization platform. Tether Introduces Alloy, a Gold-Backed Stablecoin on New Platform, Enhancing Digital Asset Security and Functionality In a recent report by Cointelegraph, Tether is introducing a stablecoin supported by gold and linked to the U.S. dollar.
Tether launched Alloy, a new token minting platform on Ethereum, introducing aUSDT, a gold-backed synthetic dollar
Alloy represents a significant evolution in digital finance, marrying the stability of traditional currencies with the value of precious metals. The flagship product of this new venture is aUSD₮, an asset that exemplifies the fusion of utility and value preservation.
Tether launches an algorithmic stablecoin on the dollar, but collateralized in XAUT.
Cloud-based multi-asset platform Uphold has begun notifying some of its customers about its decision to suspend support for Tether's USDT, and Gemini's GUSD among other stablecoins.
Binance Margin introduces new FDUSD, USDC, and USDT trading pairs on Cross and Isolated Margin, enhancing user trading experience and portfolio diversification.
Apart from Uphold, other major crypto exchanges, including Binance, Kraken and OKX, also tweaked their stablecoin listing policies to comply with MiCA regulations.
Tether is stepping into new territory with the launch of Alloy (aUSDT), a gold-backed stablecoin pegged to the U.S. dollar.
Stablecoin issuing company Tether (CRYPTO: USDT) launched a new platform Monday that will allow the creation of gold-backed stablecoins pegged to the U.S. Dollar. What Happened: The new token minting platform called Alloy By Tether will help create tokens that use Tether Gold (CRYPTO: XAUt) as collateral, as opposed to the cash and cash equivalents used for backing USDT, the world's largest stablecoin by market capitalization.
