Tether revealed that it will deactivate its Alloy by Tether platform and discontinue the production of aUSDT tokens, removing one of the few gold-linked stablecoin experiments from the market. The deadline for aUSDT coin holders to liquidate their positions is 17 September 2026.<\/b><\/p>\n
This comes following Tether\u2019s focus on high-liquidity assets.<\/span> aUSDT<\/span> was created in June 2024 as a dollar-denominated stablecoin. The coin is minted by using Tether Gold (XAU\u20ae) as overcollateralization (a case where more collateral is deposited than the tokens created to maintain solvency and price stability under market stress). The adoption of the asset has been limited. However, its market capitalization currently stands at about $1.2 million against 14.73 kilograms of gold valued at $2.2 million.<\/span><\/p>\n Minting of the token has already been deactivated. <\/span>Tether informed<\/span><\/a> its users on June 17 that it had upgraded the Alloy by Tether platform to prevent the creation of new positions. Holders of aUSDT tokens will only be able to redeem their tokens and retrieve their XAU\u20ae collateral<\/a> until September 17, 2026.<\/span><\/p>\n The company said the decision followed a review of user activity, liquidity conditions and strategic priorities.<\/span><\/p>\n In spite of the discontinuation of aUSDT from Tether\u2019s list of available assets, XAU\u20ae still remains one of the most valuable cryptocurrencies within the Tether stablecoin group.<\/span> XAU\u20ae<\/span> represents a digital blockchain asset fully backed by gold bars which can be redeemed according to certain rules. This asset reflects direct ownership of the precious metal. There are more than 22,000 kilograms of real gold backing XAU\u20ae, while its market capitalization is estimated at $3 billion.<\/span><\/p>\n Moreover, the quantity of gold assets kept by Tether has risen as well. The increase happened in early 2026, when the amount of gold assets rose from 520,089 troy ounces to 707,747 ounces, and their value increased from $2.25 billion to $3.3 billion during the period from the end of 2025 until March 31.<\/span><\/p>\n Tether CEO Paolo Ardoino had stated that tokenized gold demonstrates \u201cseriousness, scale, and reserve discipline\u201d similar to institutional-grade holdings.<\/span><\/p>\n The tokenized gold market as a whole is also growing. Industry analysis suggests that adoption of blockchain-based gold is rising fast, with Tether Gold taking a big slice of the sector as tokenized commodities are taking off.<\/span><\/p>\n aUSDT is just another in the series of products that Tether has ceased to produce. This happened back in February 2026 when Tether decided to stop producing its offshore<\/span> Chinese yuan stablecoin CNH\u20ae<\/span> due to low utilization and lack of demand for the product. The process was similar to the current one where the company first suspends production before allowing redemptions.<\/span><\/p>\nWhat is this going to mean for holders of aUSDT tokens?<\/span><\/h3>\n
XAU\u20ae remains relevant and continues to grow<\/span><\/h3>\n
Tether bets bigger on XAU\u20ae and USDT<\/span><\/h3>\n