Alloy Tether

AUSDT Price

About Alloy Tether (aUSD₮)

Alloy Tether is an over-collateralized digital asset designed to track the value of the US Dollar while being backed by physical gold.

• Users can mint aUSD₮ tokens by providing Tether Gold (XAU₮) as collateral, combining the stability of a fiat unit of account with the security of gold.
• Every aUSD₮ token is backed by physical gold stored in Switzerland, with the backing verifiable through a transparent, real-time digital ledger.
• The asset operates on the Ethereum network, allowing for 24/7 accessibility and integration with the broader decentralized finance ecosystem.

What Is Alloy Tether

Alloy Tether (aUSD₮) is a tethered asset that aims to provide a stable digital currency by tracking the price of a reference asset—in this case, the US Dollar. It operates as a synthetic dollar that derives its stability and value from over-collateralization with Tether Gold (XAU₮), which represents ownership of physical gold.

Value moves through the system as users deposit XAU₮ into the protocol to mint aUSD₮. This mechanism allows participants to maintain exposure to gold's price appreciation while gaining access to a liquid, dollar-denominated medium of exchange. The token is "put to work" by unlocking the value of dormant gold reserves, transforming them into dynamic capital that can be used for transactions, trading, or as collateral in other decentralized finance protocols. As the ecosystem grows, this model scales by allowing for various tethered assets to be created against different reference assets, all secured by gold.

What Makes Alloy Tether Unique

• Gold-Backed Stability: Unlike traditional stablecoins backed by fiat in bank accounts, aUSD₮ is collateralized by Tether Gold, which is backed by physical gold bars held in Swiss vaults.
• Tethered Asset Category: It introduces the concept of "tethered assets," which use stabilization strategies like over-collateralization and liquidity pools to track reference prices without direct fiat backing.
• On-Chain Transparency: The backing of every token is verifiable on a real-time digital ledger, providing a higher level of auditability compared to centralized fiat-backed assets.
• Institutional Capital Efficiency: It allows institutions to utilize their gold reserves without selling them, providing liquidity in a familiar unit of account while retaining gold exposure.

What Can You Use Alloy Tether for?

As a stablecoin, Alloy Tether (aUSD₮) is primarily used for:

1. Value retention: It allows users to hold a digital, on-chain representation of the US Dollar, reducing exposure to the high volatility typically associated with the broader cryptocurrency market.
2. Yield generation: While Alloy Tether does not provide native yield itself, users can put their gold to work by minting aUSD₮ and utilizing it in decentralized lending or liquidity provisioning platforms.
3. Cross-border settlement / value transfer: It enables international remittances and global trade by allowing for the frictionless transfer of US Dollar value across borders 24/7 without traditional banking delays.
4. Collateralization: aUSD₮ can be used as backing for borrowing and lending protocols or as margin for derivatives, providing a stable collateral option within the digital asset ecosystem.

How Does Alloy Tether Work?

Alloy Tether operates through a minting and redemption process on the Ethereum network. To create aUSD₮, users must provide Tether Gold (XAU₮) as collateral. The system employs an over-collateralization strategy, meaning the value of the gold collateral must exceed the value of the minted aUSD₮ to ensure stability and protect against price fluctuations in the gold market.

Transactions and minting operations incur protocol service fees, which are paid in the native currency of the underlying blockchain. As an ERC-20 token, users must also pay transaction fees to the Ethereum network to facilitate transfers and smart contract interactions.

Team Info and Investors

Alloy Tether is developed by the team behind Tether, the issuer of the widely used USDT stablecoin. The project leverages Tether's established infrastructure and reputation in the digital asset space. While specific early-stage venture backing is not detailed in the source, the project is part of the broader Tether ecosystem, which is one of the largest and most capitalized entities in the cryptocurrency industry.

Where can you buy Alloy Tether?

AUSDT tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade Alloy Tether is Bitfinex, where the most active trading pair AUSDT/USD has a trading volume of $145.65 in the last 24 hours.

What is the daily trading volume of Alloy Tether (AUSDT)?

The trading volume of Alloy Tether (AUSDT) is $27.32 in the last 24 hours, representing a 3,245.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Alloy Tether (AUSDT)?

Alloy Tether (AUSDT) reached an all-time high of $1.07 and an all-time low of $0.9699. It’s now trading -6.70% below that peak and 3.10% above its lowest price.

What is the market cap of Alloy Tether (AUSDT)?

Market capitalization of Alloy Tether (AUSDT) is $49,978,016 and is ranked #436 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of AUSDT tokens (50 Million tokens are tradable on the market today).

What is the fully diluted valuation of Alloy Tether (AUSDT)?

The fully diluted valuation (FDV) of Alloy Tether (AUSDT) is $49,978,016. This is a statistical representation of the maximum market cap, assuming total number of 50 Million ETH tokens are in circulation today.

How does the price performance of Alloy Tether compare against its peers?

With a price increase of 0.10% in the last 7 days, Alloy Tether (AUSDT) is outperforming the global cryptocurrency market which is down -2.90%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.

How to add Alloy Tether (AUSDT) to MetaMask?

Adding Alloy Tether (AUSDT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import AUSDT as a token. You can copy AUSDT’s contract address (0x9eead9ce15383caeed975427340b3a369410cfbf) and import it manually, or if you've installed MetaMask's chrome extension, add AUSDT to MetaMask with one click on CoinGecko.

Add AUSDT to MetaMask.