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Tether Announces Gradual Shutdown of Gold-Backed aUSDT, Users Have Until September 17 to Redeem

Project Progress

2026-06-18 03:32:02

XAUT-0.32%

According to Cointelegraph, Tether announced on June 18 the gradual shutdown of aUSDT, its gold-backed over-collateralized stablecoin. Users have three months until September 17 to redeem their XAUT collateral. aUSDT currently has a market value of approximately $1.2 million and is backed by 14.73 kilograms of gold (valued at approximately $2.2 million). The company said it will redirect resources to its core products, including XAUT, which has a market value of $3 billion and is supported by 22,169 kilograms of physical gold.

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