Tether Alloy Reserves Cross $210M in Gold-Backed Synthetic Dollar
Tether transparency materials confirm Alloy/aUSDT reserves backed by Tether Gold exceeded $210 million, a separate line from fiat USDT.
Tether transparency materials state that Alloy synthetic dollar reserves backed by Tether Gold crossed the $210 million mark.
Alloy, which issues aUSDT, is overcollateralized by Tether Gold (XAUt) and operates as a distinct product from the standard fiat-backed USDT stablecoin.
What remains unknown
Exact collateral ratios, liquidation mechanics, and the size of Alloy relative to Tether's total assets under management remain undisclosed in the materials.