AUSDT Slides 3.80% Amid Trading Volume Swings and Regulatory Talks; Market Cap Holds Near $50M

AUSDT (Alloy by Tether) experienced a 3.80% decline in price over the last 24 hours, opening at 0.0869 and currently trading at 0.0836 on Binance. This price movement likely reflects market reactions to recent fluctuations in trading volumes, which have shown significant variance across exchanges, and ongoing regulatory discussions regarding AUSDT's asset classification. The asset remains backed by Tether Gold and operates as a synthetic dollar on the Ethereum platform, with a reported market capitalization near $50 million and a max supply of 50 million tokens. Trading volumes ranged from $133,687 to as low as $12.50, indicating inconsistent liquidity across platforms; the price has remained close to its peg but has seen notable highs and lows in the past week, with an all-time high of $1.06 and a weekly low of $0.9939.