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International Business Times
International Business Times
Business
Marvie Basilan

Tether Unveils 'Novel' Alloy, Offering 'Synthetic' Dollars Backed By Tokenized Gold

Tether Gold Paolo Ardoino United States
Tether says Alloy is a "novel" product lineup that will be included in its upcoming digital assets tokenization platform. (Credit: Alloy by Tether Twitter)

KEY POINTS

  • Alloy by Tether's first product is aUSDT, a currency designed to track the value of the US dollar
  • Collateralized digital assets will be included under Tether's upcoming tokenization platform
  • Tether recently reorganized into four "core" divisions, going beyond stablecoins

Stablecoin giant Tether, which now calls itself "the largest company in the cryptocurrency industry," has announced the launch of a "novel" product line called Alloy by Tether that is backed by tokenized gold.

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