The advantage of aUSDT is that it is pegged to Tether Gold and is fully backed in case of any unforeseen circumstances. This is public recognition of the underlying asset of aUSDT, which can be achieved by depositing XAUt, where up to 75% of the value of the deposited asset can be minted as aUSDT tokens. The synthetic dollar maintains theoretical and actual value through the use of this method. Tether Gold has a market capitalization of $570,000,000 and is a stablecoin backed by physical gold bars stored in Switzerland.
The new aUSDT offering is designed for a target audience that is willing to use cryptocurrency to make payments and remittances without having to sell gold-backed tokens. This solution allows you to have a stable digital currency to use in transactions, while ensuring that the gold used as collateral retains its value.
The platform relies on the Ethereum mainnet; it uses Ethereum-compatible smart contracts to facilitate issuance. These contracts keep a record of all collateral provided, as well as newly generated tokens, which increases its security and accountability.
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