Tether Shuts Down Gold-Backed Stablecoin aUSDT

Tether is shutting down Alloy by Tether and its gold-backed stablecoin aUSDT following a review of user activity, market demand, and company priorities. The platform launched as an experiment in gold-collateralized digital assets, allowing users to mint aUSDT backed by Tether Gold tokens. That experiment is now over. Tether framed the decision as a strategic […] Read The Full Article Tether Shuts Down Gold-Backed Stablecoin aUSDT On Coin Edition.