Tether Shuts Down Alloy Platform and aUSDT Token on June 17

XAUT-2.84%
According to Tether, on June 17, the company announced it will wind down Alloy by Tether and its aUSDT token after reviewing user activity and market demand. The gold-backed dollar experiment failed to attract sufficient usage to justify continued operations. Tether said the decision reflects a reallocation of resources toward core products with stronger demand, including Tether Gold (XAUT), which remains a key focus.
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