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Uphold will stop supporting USDT, DAI, FRAX, and other stablecoins ahead of MiCA's implementation in the EEA. The post Uphold to end support for USDT, DAI, FRAX and other stablecoins ahead of MiCA appeared first on Crypto Briefing.
Tether, the issuer of the largest stablecoin in the cryptocurrency market, USDT, announced Monday the creation of a new synthetic dollar backed by gold. The token, aUSDT, was developed on the company's Alloy by Tether platform.
Bitfinex becomes the first exchange to list aUSDT, a gold-backed tethered asset by Tether, enhancing stability in the cryptocurrency market.
Tether, the issuer of the largest stablecoin in the world, USDT, has announced a new digital asset dubbed Alloy – a digital asset tied to gold. Tether describes Alloy as a new type of digital assets or “tethered assets.
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.
Tether has announced the launch of Alloy, its very own synthetic dollar backed by Tether Gold.
The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.
Tether CEO Paolo Ardoino recently referred to Bitcoin as the only true decentralized cryptocurrency, lauding its uniqueness and consistency. The CEO of the largest stablecoin issuer maintained that Bitcoins' status as the apex cryptocurrency might never be usurped.
Tether launches gold-backed synthetic dollar, aUSDT, on Ethereum Mainnet.
Tether has officially launched Alloy, a new platform introducing aUSD₮, a digital asset over-collateralized by Tether Gold (XAU₮). This innovative asset aims to combine the stability and familiarity of the US dollar with the enduring value of gold.
Tether aUSDT uses overcollateralized gold reserves to maintain its peg, rather than the usual model of using government debt.
USDT stablecoin issuer Tether has announced the official launch of Alloy by Tether with aUSDT as the first token on its lineup. Tether Brings Real World Assets to Users In his X post, Tether CEO Paolo Ardoino described aUSDT as a synthetic dollar over-collaterized by Tether Gold (XAUt).
"Alloy by Tether is an open platform that allows [users] to create collateralized synthetic digital assets."
Tether, a prominent stablecoin issuer in the crypto industry, has announced the official launch of Alloy by Tether, a tethered asset backed by Tether Gold (XAUT).
Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.
TL;DR Alloy is a new Tether digital asset backed by gold, named aUSD₮, combining the stability of the precious metal with blockchain technology and cryptocurrencies. Designed to replicate the value of the US dollar, it uses XAU₮ as collateral on Ethereum, providing transparency and efficiency through smart contracts.
The Tether Alloy launch aims to create tethered assets like aUSDT, which is backed by Tether Gold (XAUT).
Stablecoin issuer Tether has announced the launch of a new asset class backed by Tether Gold in a bid to enhance value consistency and stability.
Tether's new digital asset, called Alloy, is a new gold-backed digital asset designed for stability and value consistency in the digital economy. The post Tether introduces its new gold-backed digital asset called Alloy appeared first on Crypto Briefing.
Paolo Ardoino, the CEO of Tether, recently underscored the critical importance of USDT in driving up demand for the US dollar in emerging markets.
Tether, the company behind the leading stablecoin USDT, argues its digital currency offers financial inclusion for the world's unbanked population.
While Wall Street interest has boosted the overall crypto market, William Quigley said it also brings risks.
Tether's USDT stablecoin has emerged as a pivotal player, significantly influencing global dollar demand. Paolo Ardoino, the CEO of Tether, recently highlighted the profound impact of USDT in an interview, shedding light on its role in connecting traditional financial markets with the digital currency landscape.
Tether CEO Paolo Ardoino recently emphasized USDT's significant role in driving demand for the US dollar in emerging markets.
