Description
Alloy by Tether is a stablecoin issuance platform on Ethereum that allows users to mint aUSD₮ by depositing Tether Gold (XAU₮) as collateral through smart contract vaults. A price oracle values the XAU₮ collateral in USD, and over-collateralization requirements with automatic liquidations maintain backing. aUSD₮ tracks the US dollar price while remaining collateralized by gold-referenced assets.