Tether Shuts Down Gold-Backed Stablecoin aUSDT
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Tether is shutting down Alloy and its gold-backed stablecoin aUSDT in the crypto market after finding insufficient user demand and liquidity, immediately blocking new minting and positions. A three-month redemption window opens today and holders must return aUSDT by 17 September 2026 to recover XAU collateral as Tether reallocates resources toward products with stronger adoption and deeper liquidity.
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- Tether shuts down Alloy and aUSDT after a review finds insufficient user demand and liquidity.
- New minting and positions blocked immediately as a three-month redemption window opens today.
- Holders must return aUSDT by 17 September 2026 or lose the ability to recover XAU collateral.
Tether is shutting down Alloy by Tether and its gold-backed stablecoin aUSDT following a review of user activity, market demand, and company priorities. The platform launched as an experiment in gold-collateralized digital assets, allowing users to mint aUSDT backed by Tether Gold tokens. That experiment is now over.
Tether framed the decision as a strategic reallocation of resources toward products with stronger user demand, deeper liquidity, and broader long-term market opportunity. The translation is more straightforward. aUSDT never found real traction, and Tether is cutting the cord…
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