Crypto
Tether to end gold-backed stablecoin aUSDT and Alloy after two years
Stablecoin issuer Tether will end its gold-backed stablecoin aUSDT and its issuance platform Alloy by Tether two years after launch, Cointelegraph reported on June 18. Tether made the decision after reviewing user activity, market demand and company priorities. It plans to focus resources on areas with strong demand and broader long-term market opportunities, including its gold-linked digital asset XAUT. Users can mint aUSDT by depositing XAUT as collateral via Alloy.
