---
title: "Alloy Tether (aUSD₮) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/ausdt-tether-alloy/"
description: "Build-time stablecoin profile for Alloy Tether (aUSD₮). Live price, supply, peg, liquidity, and flow data are served by the Pharos API."
dateModified: "2026-05-15"
---



# Alloy Tether (aUSD₮)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** active

## Overview

aUSDT is Alloy by Tether's dollar stablecoin — a {{term:cdp}}CDP{{/term}} where verified users deposit Tether Gold (XAUT) and mint dollars at up to 75% LTV, so the peg sits on top of {{term:overcollateralization}}overcollateralized{{/term}} gold rather than a bank account. Alloy Tether turns Tether Gold into a dollar-tracking credit instrument: verified users deposit XAUT into an Ethereum vault, mint aUSDT against a 75% mint-to-value ceiling, and return aUSDT plus fees to withdraw collateral. That gives Pharos a clean on-chain reserve view because the XAUT backing sits in the CMPVault, but it also means aUSDT inherits Tether Gold {{term:custody}}custody{{/term}}, gold-price volatility, whitelist access, and {{term:liquidation}}liquidation{{/term}} mechanics. The peg is not a bank-account promise; it is an overcollateralized gold position engineered to trade near one dollar.

## Collateral

Overcollateralized Tether Gold (XAUT) deposited into the Alloy by Tether Ethereum vault; XAUT represents physical gold stored in Swiss vaults

## Peg Mechanism

KYC-verified, whitelisted users mint aUSDT by depositing Ethereum XAUT into Alloy vaults, with positions limited by a 75% maximum mint-to-value ratio. Users return aUSDT to withdraw XAUT collateral, and whitelisted liquidators can repay aUSDT against undercollateralized positions.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| El Salvador | CNAD | Stablecoin Issuer and DASP registrations |

## Contracts

| Chain | Address | Decimals |
| --- | --- | --- |
| ethereum | `0x9eead9ce15383caeed975427340b3a369410cfbf` | 6 |

## Live Data

Real-time price, supply, peg score, liquidity, and flow data live at https://api.pharos.watch/api/stablecoin/ausdt-tether-alloy.