Tether announced that it will gradually discontinue the operation of Alloy and aUSDT, focusing on its core business.

June 18: Tether has announced it will wind down operations for Alloy by Tether and its aUSDT stablecoin product as planned. The decision comes after a full assessment of user engagement, market demand, and the company’s overall strategic priorities. Launched earlier as an open platform, Alloy by Tether was designed to explore a digital asset issuance model backed by Tether Gold (XAUT), including its overcollateralized stable asset aUSDT. Since its launch, the platform has provided the market with meaningful real-world data on gold-backed tokens and key insights into asset tokenization applications. Following this strategic adjustment, Tether will redirect its resources to core product lines with stronger demand, higher liquidity, and long-term growth potential—including critical ecosystem assets like XAUT. The closure will be phased to ensure a smooth transition: effective immediately, the platform is disabling functions for opening new positions and minting aUSDT to prevent additional risk exposure. Existing users, meanwhile, can still redeem aUSDT or withdraw XAUT over the next three months in line with the platform’s terms. Starting September 17, 2026, users who haven’t completed their redemptions will no longer be able to recover their corresponding XAUT assets through the platform.