Project Progress

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Tether Shuts Down Alloy Platform and aUSDT Token on June 17

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
XAUT0.40%
GateNews·06-18 19:02
Tether Shuts Down Alloy Platform and aUSDT Token on June 17

Sony Launches Soneium Ethereum L2 With 500M+ Transactions

Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group, launched the Soneium Ethereum Layer 2 mainnet in January 2025, powered by Optimism's Superchain technology. The project follows the company's Minato testnet, which attracted more than 14 million active wallets and
ETH0.79%
OP0.82%
EthanBrooks·06-18 18:53
Sony Launches Soneium Ethereum L2 With 500M+ Transactions

Algorand Unveils Quantum Resistance Roadmap Targeting 2027

Algorand unveiled a roadmap targeting broad quantum resistance by the end of 2027, according to CoinDesk. The announcement addresses growing concerns about blockchain security facing threats from quantum computing. The initiative reflects a broader trend within the cryptocurrency space where
ALGO2.40%
EthanBrooks·06-18 18:13
Algorand Unveils Quantum Resistance Roadmap Targeting 2027

Tether Winds Down aUSDT and Alloy Platform to Refocus on USDT

Tether announced it is winding down aUSDT and the Alloy by Tether platform, halting new token minting while providing users a redemption window for collateral. The stablecoin issuer stated the decision reflects a strategic refocus on USDT and newer stablecoin initiatives. The move represents
BTC0.79%
EthanBrooks·06-18 16:02
Tether Winds Down aUSDT and Alloy Platform to Refocus on USDT