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The field of stablecoins might seem straightforward, but there’s still a lot of innovation and growth in the industry. Alloy by Tether is an extremely promising new development. By allowing people to mint synthetic stablecoins, Alloy by Tether creates opportunities for profitable activities such as lending. Explore this guide to learn all the details about how Alloy by Tether works, and what makes it different from other stablecoins.
Key Takeaways:
Alloy by Tether is a type of tethered asset linked to the Tether Gold stablecoin.
Users deposit Tether Gold as collateral, and then mint aUSDT, which mimics the value of the United States dollar.