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Tether pulls the plug on its Gold-backed aUSDT


Tether pulls the plug on its Gold-backed aUSDT

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Tether said it will deactivate the Alloy by Tether platform and stop producing the gold-linked stablecoin aUSDT, giving holders until 17 September 2026 to liquidate their positions. The discontinuation, justified by a shift toward higher-liquidity assets, removes a rare gold-backed experiment from the crypto and DeFi ecosystem and signals consolidation in stablecoin offerings and reduced token diversification.

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Tether revealed that it will deactivate its Alloy by Tether platform and discontinue the production of aUSDT tokens, removing one of the few gold-linked stablecoin experiments from the market. The deadline for aUSDT coin holders to liquidate their positions is 17 September 2026. This comes following Tether’s focus on high-liquidity assets. aUSDT was created in...
Read the article at CryptoPolitan

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