Tether to Sunset Alloy Platform and aUSDT, Sharpening Focus on XAUT Gold Token

Tether said it will wind down Alloy by Tether and discontinue aUSDT, a gold-collateralized, overcollateralized token created through the platform, after reviewing user activity and market demand. Effective immediately, Alloy will stop supporting new positions and new aUSDT minting. Existing users have a three-month window to close out positions by returning aUSDT and withdrawing the associated XAUT (Tether Gold) collateral, subject to the platform's terms. Tether set Sept. 17, 2026 as the final deadline for redemptions through Alloy. After that date, users who have not returned their aUSDT will no longer be able to recover their XAUT collateral via the platform. Alloy launched in 2024 as an open framework for issuing assets backed by XAUT. Tether said the initiative delivered "valuable insights" into demand for gold-backed digital assets and collateralized products, but the company is now reallocating resources toward products with stronger liquidity and adoption. aUSDT has reached a market capitalization of about $1.27 million, according to the platform's website. The token is backed by 14.73 kilograms of gold valued at roughly $2.2 million. Tether said the move does not represent a broader pullback from tokenized real-world assets, and it will continue to position XAUT as a core product. The company also highlighted ongoing stablecoin expansion efforts, including plans announced in May to launch GELT, a stablecoin representing the Georgian lari, with support from the Georgian government.