Tether Alloy Gold-Backed Reserves Cross $210M

Tether’s Alloy gold-backed synthetic dollar reserves have crossed $210 million, according to the company’s transparency materials.
The milestone relates to Alloy and aUSDT, not standard USDT reserves. That distinction matters because Tether’s main stablecoin is fiat-backed, while Alloy uses a different structure: a synthetic dollar overcollateralized by Tether Gold.
In simple terms, Alloy is designed for users who want dollar-like liquidity while keeping exposure to gold-backed