Tether announced about the phased closure of the platform Alloy by Tether and the cessation of support for the synthetic stablecoin aUSDT. The company conducted an internal analysis of user activity and market demand and decided to focus resources on products with a higher level of adoption.

The platform Alloy was launched in 2024 year as an open infrastructure for creating digital assets. Its flagship product, aUSDT, was a synthetic dollar, pegged to USD and backed by tokenized gold XAUT with excess collateral, that is, the value of the blocked gold always exceeded the volume of tokens issued. The market capitalization of aUSDT never exceeded 1.2 million dollars, which became the main reason for the closure.

For platform users, a clear deadline is set: until September 17, 2026 they can return aUSDT and get their collateral back in XAUT. After this date, the ability to withdraw through the Alloy platform will be closed. The creation of new positions and the issuance of new aUSDT are already blocked.

It is important to understand: this is not a refusal of Tether from the direction of tokenized gold, but on the contrary - a concentration of efforts on a more demanded product. XAUT remains one of the key assets of the company, backed by more than 22,000 kilograms of physical gold with a market capitalization of about 3 billion dollars. From the end of 2025 to March 2026, Tether's gold reserves grew from 520,000 to 707,000 troy ounces.

The closure of aUSDT continues the series of optimization decisions of the company previously, the euro stablecoin EURT and the yuan CNHT were rolled up. Real demand is focused around two products: USDT as the dominant dollar stablecoin and XAUT as digital gold. It is on them that Tether bets in the long term.

For the average user, this news means one thing: the cryptocurrency industry continues to mature and get rid of low-demand products, leaving what really works and brings value. aUSDT holders should not delay and take advantage of the three-month window to withdraw their gold.

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#aUSDT
#XAUT
#Alloy #gold
#stablecoin
#cryptocurrency
#tokenizedgold
#Brick