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 Tether launches gold backed US dollar stablecoin Alloy

Tether launches gold backed US dollar stablecoin Alloy


Published: 2024-06-18


1. Tether launches a gold-backed stablecoin called Tether Gold: Tether has introduced a new stablecoin called Tether Gold,which is backed by physical gold held in a Swiss vault. This provides users with the ability to own digital assets that are directly pegged to the value of gold,offering stability and security in the volatile cryptocurrency market.

2. Impact on the cryptocurrency market: The introduction of Tether Gold could potentially have a significant impact on the cryptocurrency market by offering a stable alternative to traditional cryptocurrencies like Bitcoin and Ethereum. It may attract investors looking for a safe haven asset that is backed by physical gold,especially during times of economic uncertainty.

3. Comparison with other stablecoins: Tether Gold's launch raises questions about how it will compete with other gold-backed stablecoins in the market,such as PAX Gold and Digix Gold. Each stablecoin has its own unique features and value proposition,so it will be interesting to see how Tether Gold differentiates itself and attracts users in the competitive stablecoin space.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,341.80 2,292,266,560.00
2 BTC title=BTC 61,074.64 1,449,210,815.46
3 COP title=COP 4,052.00 628,718,786.00
4 ETH title=ETH 3,340.53 611,036,505.97
5 PEPE title=PEPE <0.01 380,345,857.78
6 SOL title=SOL 135.59 371,129,630.29
7 WIF title=WIF 1.97 197,130,402.52
8 XRP title=XRP 0.47 112,270,762.25
9 LISTA title=LISTA 0.76 91,730,047.24
10 DOGE title=DOGE 0.12 67,585,244.19
11 ORDI title=ORDI 37.22 67,094,986.24
12 FLOKI title=FLOKI <0.01 64,056,193.21
13 PEOPLE title=PEOPLE 0.09 54,487,384.00
14 AVAX title=AVAX 25.74 51,984,779.94
15 IO title=IO 3.51 44,342,354.78
16 NEAR title=NEAR 5.20 42,718,023.56
17 BONK title=BONK <0.01 42,704,896.81
18 BOME title=BOME <0.01 39,710,670.28
19 WLD title=WLD 2.76 37,834,974.37
20 TRX title=TRX 0.12 36,660,376.92
21 ZK title=ZK 0.16 36,014,655.20
22 BLUR title=BLUR 0.21 35,649,120.47
23 RUNE title=RUNE 4.06 32,230,253.44
24 CRV title=CRV 0.30 30,845,846.76
25 ADA title=ADA 0.39 28,302,905.43
26 FTM title=FTM 0.56 28,274,213.93
27 ZRO title=ZRO 2.57 28,110,846.32

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 RAD title=RAD 1.62 +38.92
2 Ocean Protocol title=OCEAN 0.73 +7.32
3 SingularityNET title=AGIX 0.73 +7.11
4 Ampleforth Governance title=FORTH 3.09 +6.74
5 Santos FC Fan Token title=SANTOS 3.19 +4.89
6 PlayDapp title=PDA 0.06 +3.52
7 ORDI title=ORDI 37.22 +3.45
8 Lista DAO title=LISTA 0.76 +2.75
9 Unifi Protocol DAO title=UNFI 4.93 +2.51
10 Chromia title=CHR 0.22 +1.69
11 Avalanche title=AVAX 25.74 +1.66
12 TRON title=TRX 0.12 +1.53
13 SafePal title=SFP 0.76 +1.19
14 1000SATS (Ordinals) title=1000SATS <0.01 +0.71
15 BinaryX title=BNX 1.18 +0.49
16 OG Fan Token title=OG 3.18 +0.48
17 Bounce title=AUCTION 16.73 +0.24
18 WINkLink title=WIN <0.01 +0.11
19 WOO title=WOO 0.22 +0.09

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Blur title=BLUR 0.21 -13.71
2 Cream title=CREAM 60.34 -13.02
3 LayerZero title=ZRO 2.57 -8.93
4 ZKsync title=ZK 0.16 -8.89
5 Orion title=ORN 1.73 -8.62
6 dForce title=DF 0.03 -8.36
7 Celestia title=TIA 6.39 -8.32
8 Arweave title=AR 27.16 -8.07
9 Viction title=VIC 0.35 -7.94
10 Starknet title=STRK 0.69 -7.51
11 ARK title=ARK 0.44 -7.38
12 Massive Protocol title=MAV 0.28 -7.07
13 Sei title=SEI 0.35 -7.05
14 Stafi title=FIS 0.38 -7.04
15 Numeraire title=NMR 17.67 -7.00
16 Moonbeam title=GLMR 0.20 -6.98
17 PowerPool Concentrated Voting Power title=CVP 0.30 -6.61
18 Pyth Network title=PYTH 0.31 -6.54
19 Kava Lend title=HARD 0.12 -6.53
20 Tranchess title=CHESS 0.14 -6.44
21 Fantom title=FTM 0.56 -6.22
22 Sui title=SUI 0.83 -6.09
23 Flux title=FLUX 0.61 -6.07
24 Ethena title=ENA 0.55 -6.01
25 Vanar Chain title=VANRY 0.14 -5.91
26 W 0.34 -5.88
27 NEAR Protocol title=NEAR 5.20 -5.72
28 PIVX title=PIVX 0.26 -5.71
29 Kusama title=KSM 22.85 -5.62
30 Vulcan Forged title=PYR 3.49 -5.60

Bitcoin's Greed and Fear Index.

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46
Fear

Global CryptoCurrency News

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(See more news ...)
at news date
1 Bitcoin price drop below traders cost basis warns of deeper sell off 2024-06-26
2 54 of institutional investors in Japan plan to invest in crypto Survey 2024-06-25
3 Heres what musicians actually think of tokenizing content in Web3 2024-06-25
4 Icelands crypto industry has promising future but faces energy challenges 2024-06-25
5 Aethir MetaGravity partnership boosts scalable DePIN gaming development 2024-06-25
6 New wave of GameFi projects are costing millions of dollars to develop 2024-06-25
7 Bitcoin taps 62K as 6 BTC price rebound runs into stubborn US dollar 2024-06-25
8 Colosseum raises 60M to support Solanas hackathon teams 2024-06-25
9 Blockchain has a role to play in countering the ill effects of AI 2024-06-25
10 CEO of defunct yield protocol says user deposits werent 039principal protected039 2024-06-25
11 VanEck files form 8 A for spot Ether ETF approval timeline revealed 2024-06-25
12 Bitcoin analysts forecast BTC price drop to 50K before parabolic run begins 2024-06-25
13 039Privacy minded039 CBDCs are a wolf in sheeps clothing 2024-06-25
14 Iranian officials decry blockchain game 039Hamster Kombat039 as soft power tool 2024-06-25
15 Julian Assange freed from jail after plea deal with US 2024-06-25
16 Bitcoin will protect the wealth that AI creates Pompliano 2024-06-25
17 Bitcoin sentiment index drops to fear its lowest score in 18 months 2024-06-25
18 Mt Gox repayments wont be as bad for Bitcoin as you think 2024-06-25
19 AI tokens rally as NVIDIA slumps 13 from market cap peak 2024-06-25
20 Alex Lab points to Lazarus Group after last month039s 4M exploit 2024-06-25
21 Survival games as Bitcoin hash price skirts near all time low 2024-06-25
22 Coinbase is the most impersonated crypto brand by scammers Report 2024-06-24
23 Tether halts USDT minting on Eos and Algorand 2024-06-24
24 Why are traders shorting Michael Saylors MicroStrategy 2024-06-24
25 Bitcoin miner Hut 8 lands 150M investment amid AI boom 2024-06-24
26 Over 122M Bitcoin longs liquidated as BTC falls below 61K 2024-06-24
27 Nvidia launches in Middle East amid US AI export clampdown Report 2024-06-24
28 Riot seeks three Bitfarms board members says it holds 149 stake 2024-06-24
29 4 week correction for Bitcoin Mt Gox Germany gov039t add sell pressure 2024-06-24
30 MetalCore Closed Beta 3 introduces NFTs and Web3 integration 2024-06-24
31 Are market makers manipulating 78 of new crypto listings 2024-06-24
32 Bitcoin price loses ground as TON PEPE KAS and JASMY catch traders attention 2024-06-24
33 Bitcoin offers economic immortality will reach 10M per coin Michael Saylor 2024-06-24
34 Dogwifhat falls out of top 50 tumbles 38 over past 7 days 2024-06-24
35 Asset tokenization to reach 2T by 2030 despite cold start McKinsey 2024-06-24
36 Bitcoin Lightning hacker Burak introduces new layer 2 Brollups 2024-06-24
37 Weekend Wrap Tron USDT beats Visa 6B German bank gets Bitcoiner CEO and more 2024-06-24
38 Binance assists BtcTurk attack probe freezes 53M in stolen funds 2024-06-23
39 Mark Cuban claims his Gmail was hacked after receiving hoax call 2024-06-23
40 EigenLayer enhances EigenDA security to combat Sybil attacks 2024-06-23
41 MakerDAO delegates 11M in tokens stolen in phishing scam 2024-06-23
42 Bitcoin prepping breakout with 03990K039 BTC price target New analysis 2024-06-23
43 How do you put the right valuation on digital assets 2024-06-23
44 Layer 2 rollups must decentralize sequencers or face the consequences 2024-06-23
45 DARPA release highlights difficulty in developing quantum finance solutions 2024-06-23
46 Visibly shaken founder watches memecoin plummet 90 during live Spaces pitch 2024-06-23
47 1590 CoinStats crypto wallets affected in security breach 2024-06-23
48 Binance assists BtcTurk attack probe freezes 53M in 039stolen funds039 2024-06-23
49 Bitcoin miners are treading water but no alarms of a total firesale 2024-06-22
50 Nigeria rejects claims of poor prison conditions health for Binance exec 2024-06-22

US news that has a significant impact on the market

at news day date time
1 Final GDP q/q Thursday 27-06-2024 13:30
2 Unemployment Claims Thursday 27-06-2024 13:30
3 Core Durable Goods Orders m/m Thursday 27-06-2024 13:30
4 Durable Goods Orders m/m Thursday 27-06-2024 13:30
5 Final GDP Price Index q/q Thursday 27-06-2024 13:30
6 Goods Trade Balance Thursday 27-06-2024 13:30
7 Prelim Wholesale Inventories m/m Thursday 27-06-2024 13:30
8 Pending Home Sales m/m Thursday 27-06-2024 15:00
9 Natural Gas Storage Thursday 27-06-2024 15:30
10 Bank Stress Test Results Thursday 27-06-2024 21:30
11 President Biden Speaks Friday 28-06-2024 02:00
12 FOMC Member Barkin Speaks Friday 28-06-2024 11:00
13 Core PCE Price Index m/m Friday 28-06-2024 13:30
14 Personal Income m/m Friday 28-06-2024 13:30
15 Personal Spending m/m Friday 28-06-2024 13:30
16 Chicago PMI Friday 28-06-2024 14:45
17 Revised UoM Consumer Sentiment Friday 28-06-2024 15:00
18 Revised UoM Inflation Expectations Friday 28-06-2024 15:00
19 FOMC Member Bowman Speaks Friday 28-06-2024 17:00

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