Tether Launches Gold-Backed ‘Synthetic’ Dollar Stablecoin: https://yakihonne.s3.ap-east-1.amazonaws.com/953281df0361f1a7ff836841c2b978b8d606b035e7d07b8d148c72e50b4d78a7/files/1718713987770-YAKIHONNES3.jpg 
Tether on Monday launched Alloy, a gold-backed stablecoin pegged to the US dollar. This marks the issuer’s tethered asset debut, with Alloy (aUSDT) mintable through the new platform.

Tethered assets are “designed to track the price of a specific reference asset, such as the US Dollar,” the company said. They accomplish this using stabilization techniques such as over-collateralization. This involves holding collateral valued higher than the assets issued, along with secondary market liquidity.