Tether Discontinues aUSDT to Focus on XAUT Gold Token
- Tether has stopped new minting of aUSDT and is winding down its Alloy platform immediately.
- The market capitalization of aUSDT is approximately $1.27 million, backed by around $2.2 million in gold.
- Users have until September 17, 2026, to redeem their aUSDT and recover their XAUT collateral.
- Tether will focus on Stablecoin products with higher demand, such as XAUT.
The decision to phase out aUSDT comes after Tether’s internal review highlighted limited market demand for the token compared to other products like XAUT, which remains central to their strategy. The wind-down aims to allow current users an orderly exit while reallocating resources towards more promising ventures.
By discontinuing the underperforming aUSDT, Tether emphasizes its commitment to optimizing resource allocation and focusing on products with stronger liquidity and user interest, such as its gold-backed digital asset XAUT. (Source)
