1 hour ago
2
Key Takeaways
- Tether is winding down Alloy by Tether and its aUSD₮ asset.
- New positions and aUSD₮ minting are disabled as of June 17.
- Users have three months to return aUSD₮ and recover XAU₮ collateral.
- After September 17, 2026, unredeemed XAU₮ cannot be recovered via the platform.
The signal in Tether’s decision is not that it is shutting down a product. It is that the company is steering capital toward what already has scale and demand, and stepping back from an experiment that did not reach it.
What Tether Is Actually Shutting Down
Tether announced in a press release that it will begin a planned wind-down of Alloy by Tether and aUSD₮, following a review of user activity, market demand, and its broader priorities. Alloy was launched as an open platform to explore digital assets backed by Tether Gold (XAU₮), with aUSD₮ being an overcollateralized digital asset built on that gold collateral.
The wind-down is phased to...
English (US)