Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
Briefly

from Coindesk8 months ago
Alloy by Tether allows the creation of collateralized synthetic digital assets, starting with aUSDT as collateralized by Tether's XAUT (gold). Potential plans include offering yield-bearing products.
Coindeskhttps://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/
Moon Gold NA, S.A. de C.V., and Moon Gold El Salvador, S.A. de C.V. will handle asset issuance regulated under El Salvador's National Commission of Digital Assets.
Coindeskhttps://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/
Tether aims to expand beyond USDT issuance by investing in bitcoin, payment processing, AI, and launching tokenization platforms for various assets.
Coindeskhttps://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/
CEO Ardoino plans to create digital versions of bonds, stocks, funds, and more, emphasizing Tether's diversification efforts in the digital asset market.
Coindeskhttps://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/
Read at Coindesk
#tether #token-minting-platform #ethereum-network #collateralized-assets #digital-asset-market
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