DeFi News Daily Official TheBitTimes.com

Tether, the company behind the $112 billion market cap USDT, has introduced a new gold-backed stablecoin pegged to the U.S. dollar. The new stablecoin, called Alloy (aUSDT), marks Tether’s first foray into tethered assets and can be minted on the recently launched Alloy by Tether platform. According to Tether, Alloy is designed as an open platform for creating collateralized synthetic digital assets. The platform’s first asset is aUSDT, a token whose price is pegged to the U.S. dollar . 5/ Alloy by Tether provides long-term holders the opportunity to maintain exposure to gold, while in parallel obtaining a dollar-referenced Tethered Asset for payments and day-to-day economy.https://t.co/tuQikMJbJU — Alloy by Tether (@Alloy_tether) June 17, 2024 Investors can mint aUSDT by depositing Tether’s XAUt as collateral. XAUt, with a market capitalization of $570 million, is allegedly backed by physical gold stored in Switzerland.  ...

The idea behind the new initiative is to bring Ernest Cline’s Ready Player One novel into a multi-world open ‘ metaverse experience.’ Metaverse startup Futureverse, backed by 10T Holdings and Ripple Labs, has unveiled a partnership agreement with Warner Bros. Discovery to bring the Ready Player One franchise to the metaverse. In an X thread on Jan. 4, the New Zealand-headquartered startup said it has teamed up with Ready Player One author Ernest Cline to launch a new venture dubbed Readyverse Studios, aimed at integrating major IPs into the metaverse. Dan Farah, the producer of the 2018 Warner Bros. film adaptation of the novel, is also listed as the co-founder of the firm. We couldn’t be more excited to announce that we’ve teamed up with @readyplayerone creator and producer to launch Readyverse Studios to bring leading IP and brands to the metaverse . pic.twitter.com/6sU6FpOSdE — Futureverse (@futureverse) January 4, 2024 You might also like: ‘M...