Tether has launched a new gold-backed stablecoin called aUSD₮, tied to the USD and over-collateralized by Tether Gold (XAUT).

aUSD₮ allows users to access the stability of the US dollar while maintaining exposure to gold.

Tether's platform will also offer various tethered assets and yield-bearing products.

USDT holders are incentivized to mint aUSD₮ at a 2:1 ratio.

This move is part of Tether's strategy to create a tokenization platform for real-world assets.

Tether aims to position itself to capitalize on the growing market trend of asset tokenization.

aUSD₮ stands out for its high liquidity and centralized control compared to other synthetic dollars like Stablesats and USDe.

CEO Paolo Ardoino envisions Tether becoming a leader in asset tokenization and innovation within the digital currency space.