Tether Shuts Down aUSDT Gold-Backed Stablecoin and Alloy Platform
Tether announced it will gradually discontinue operation of the Alloy platform and its gold-backed aUSDT stablecoin, directing users to withdraw funds before a specified deadline. The company described the decision as a strategic refocus on its core stablecoin business. Tether's XAUT gold token was separately added to the Ledn lending platform following the Alloy closure announcement.
Tether formally announced discontinuation of Alloy and aUSDT with a withdrawal deadline; the shutdown was described as a strategic refocus on core stablecoin business.
Story timeline · 4 days
- Jun 20, 20265Ledn Adds Tether Gold as Collateral; Tokenized Gold Enters Crypto Lending
Tether's XAUT gold token added to Ledn lending platform following Alloy closure, enabling tokenized gold as loan collateral for the first time on Ledn.
- Jun 18, 20265· this storyTether Shuts Down aUSDT Gold-Backed Stablecoin and Alloy Platform
Tether formally announced discontinuation of Alloy and aUSDT with a withdrawal deadline; the shutdown was described as a strategic refocus on core stablecoin business.
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Sources · 7
- Tether shuts down Alloy as XAUT becomes bigger gold betcrypto.news · T2
- Tether announced that it will gradually discontinue the operation of Alloy and aUSDT, focusing on its core business.lookonchain.com · T2
- Tether winds down gold-backed derivative stablecoin aUSDTcointelegraph.com · T1
- Tether winds down aUSDT stablecoin and Alloy platform to sharpen focustheblock.co · T1
- Tether Shuts Down Gold-Backed aUSDT Platform, Withdraw or Lose Before Deadlinecoinpedia.org · T2
- Tether exits gold-backed stablecoin experiment, revealing limits of tokenized gold lendingambcrypto.com · T2
- Tether’s XAUT gold token added to Ledn lending platformtheblock.co · T1