Tether to Cease Operations of Gold-Linked aUSDT Stablecoin

Tether has announced that it will discontinue Alloy by Tether and its gold-collateralised aUSDT stablecoin after two years of operation. The company said the decision follows a review of user activity, market demand, and broader strategic priorities. Existing users will have three months to redeem their aUSDT holdings and reclaim the underlying XAUT collateral, while ...