Tether Ditches aUSDT, Refocuses on Flagship Gold Product XAUT

Tether is shutting down its Alloy platform and aUSDT stablecoin, a gold-backed derivative instrument that uses Ethereum smart contracts to build on top of XAUT. The decision comes two years after their introduction in June 2024.

The corporation aims to concentrate on products and markets where it anticipates more demand. By shutting down Alloy, Tether will focus its commodities business presence on a single key asset: XAUT.

Existing platform participants now face a strict deadline to settle their active collateralized positions. Users can redeem aUSDT until September 17, 2026, and recover their locked XAUT. Once this time has passed, the platform will release all remaining locked collateral.