AUSDT Surges 2.16% After Gold-Backed Stablecoin Launch, $150M Investment, and DeFi Partnerships

AUSDT experienced a 2.16% price increase in the last 24 hours, rising from 0.0881 to 0.0900 on Binance. The positive movement is largely attributed to recent developments such as the launch of AUSDT as a gold-backed stablecoin by Tether, Tether's $150 million investment in Alloy to promote AUSDT adoption, and enhanced DeFi integration through partnerships with Vaulta and Fosun Wealth. Additionally, support for AUSDT withdrawals and inclusion in the Alpha Mystery Box airdrop have contributed to increased market interest and liquidity. Currently, AUSDT's circulating supply is 50 million, with a 24-hour trading volume reported between $29,000 and $53,000, and a market capitalization around $50 million.