BlockBeats News, June 18th, Tether announced that it will gradually cease the operation of Alloy by Tether and its stablecoin product aUSDT as planned. This decision is based on a comprehensive evaluation of user activity, market demand, and the company's overall strategic priorities. Previously launched as an open platform, Alloy by Tether aimed to explore a digital asset issuance model backed by Tether Gold (XAUT), including the overcollateralized stable asset aUSDT. Since its launch, the platform has provided the market with important practical data on gold-backed tokens and insights into asset tokenization applications.

Following this strategic adjustment, Tether will focus its resources on core product lines with stronger demand, higher liquidity, and long-term growth potential, including key ecosystem assets like XAUT. This closure will be phased to ensure a smooth transition: starting today, the platform will disable the functions for new opening positions and minting aUSDT to prevent additional risk exposure. Meanwhile, existing users can still redeem aUSDT and withdraw XAUT in the next three months according to the terms. From September 17, 2026, users who have not completed the redemption will no longer be able to recover their corresponding XAUT assets through the platform.