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Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push

crypto-savants - 2024-06-18 14:57:42

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The aUSDT token is designed for users who wish to make payments and remittances using cryptocurrency without having to sell their gold-backed tokens. Users can mint new aUSDT tokens, but the position must be overcollateralized, limiting the minting to 75% of the collateral value.


URL:
https://www.coindesk.com/business/2024/06/17/tether-debuts-new-synthetic-dollar-backed-by-tokenized-gold-in-tokenization-push/