Tether has announced the launch of "Alloy" (aUSDT), a new digital asset backed by Tether Gold (XAU₮). Users will be able to mint aUSDT tokens using XAU₮ as collateral. Tether Gold tokens are fully backed by physical gold stored in secure Swiss vaults, ensuring the stability and reliability of the new asset​ (Tether.io)​​

This development is part of Tether's ongoing efforts to expand its product offerings and provide more secure, asset-backed digital currencies. The introduction of Alloy by Tether aims to combine the stability of gold with the advantages of digital assets, offering users a versatile investment option that bridges traditional and digital finance​