ALLOY – TETHER'S GOLD STABLECOIN

Summary from the TLDR Crypto newsletter

Tether's new stablecoin, aUSDT, is a dollar-denominated token backed by the value of gold. Over-collateralized by onchain gold reserves, aUSDT is the first in a series of Tethered Assets that track the reference of another asset through stabilization mechanisms. Tether has hinted that future assets may be yield-backed.