Tether Halts aUSDT Minting Effective Immediately, Users Have Until Sept. 17 to Recover $1.27M Collateral

XAUT-2.60%
According to Tether's official statement, the company will immediately halt all new minting and positions on its Alloy platform and discontinue the aUSDT stablecoin, an overcollateralized digital asset backed by Tether Gold tokens (XAUT). The market capitalization of aUSDT stands at approximately $1.27 million, backed by 14.73 kilograms of gold valued at roughly $2.2 million. Users have until September 17, 2026, to return their aUSDT and withdraw the associated XAUT collateral through the Alloy platform; after this deadline, recovery of gold-backed collateral will no longer be available. Tether stated the decision follows an internal review of user activity and market demand, with the company now refocusing resources on XAUT and other core products.
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