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Paired with SOLether announced today its new digital asset backed by Tether Gold called “Alloy.” The product was created by Moon Gold NA and Moon Gold El Salvador, both part of the Tether Group, and it merges the stability of gold with the benefits of a digital currency. The first token, aUSD₮, is pegged to the US dollar and over-collateralized by Tether Gold, ensuring value stability. Users can mint aUSD₮ on the Ethereum mainnet using Tether Gold as collateral. The Alloy platform also allows for the creation of various tethered assets, expanding the possibilities for asset management.
