- Bitfinex lists aUSDT, a USD-denominated stablecoin backed by Tether Gold (XAU₮).
- aUSDT employs over-collateralization and liquidity pools for value stability.
- aUSDT is available via Moon Gold NA and Moon Gold El Salvador for specific customer segments.
Bitfinex, a prominent digital asset trading platform, has unveiled aUSDT, a tethered asset by Alloy by Tether denominated in US dollars. This is the first exchange that has listed this unique digital currency.
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aUSDT value is tied to Tether Gold (XAUT), which is backed by real gold. Additionally, this asset makes use of stabilization strategies such as secondary market liquidity pools and over-collateralization. These strategies ensure that the value is consistently aligned with the reference asset. The direct link between aUSDT and gold as security, which makes it more stable and reliable than other currencies.
The main feature of aUSDT is that it functions as a stable unit of account backed by Tether Gold. The value of each token is based on the efficiency and accessibility of the ERC-20 token standard, and it corresponds with the relative stability of physical gold.
This configuration makes it possible to engage in global trading around the clock and provides the possibility of wider adoption. With the value of each token guaranteed by physical gold, aUSDT facilitates easy transactions for institutions. This combination of gold’s security and the efficiency of digital assets provides an effective solution to institutions.
Two licensed entities, Moon Gold NA, S.A. de C.V. and Moon Gold El Salvador, S.A. de C.V., will offer aUSDT. These entities have been established to cater to specific types of customers.
One will exclusively serve Eligible Contract Participants (ECP), while the other will be available to all other customers. This strategic move demonstrates Bitfinex’s dedication to offering customized solutions that satisfy a range of regulatory requirements and client demands.
The launch of aUSDT by Bitfinex is an important development in the world of digital currencies. aUSDT is more stable and reliable considering its value is tied to gold. Its accessibility through licensed entities guarantees customized solutions for various clientele groups, highlighting Bitfinex’s commitment to both innovation and compliance with law.
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