Project Progress

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Tether will end the gold stablecoin aUSDT; holders must redeem XAUT by September 17

On June 17, Tether issued an official announcement saying it will stop operating the Alloy by Tether platform and its gold-backed derivative stablecoin aUSDT. The product was launched in June 2024 and has been operating for about two years so far. Tether said that after evaluating user activity, market demand, and the company’s “broader priorities,” it decided to concentrate resources on product lines with stronger demand. Three-stage timeline for deactivating aUSDT According to Tether’s officia
XAUUSD-1.44%
XAUT-0.16%
MarketWhisper·06-18 05:27
Tether will end the gold stablecoin aUSDT; holders must redeem XAUT by September 17

ASTER cost new model: 99% automated buyback and reserve equal-amount burns; token rises 17%

On June 17, the Aster team announced a new tokenomics model. It will use 99% of the protocol’s daily platform fees for automated buybacks of the ASTER token, and will link the amount of each buyback to the same quantity of tokens being burned from the protocol treasury. Aster calls it a “198% buyback burn ratio.” After the announcement, the ASTER token rose by about 17% within a few hours, to around $0.77. Aster New Token Model: 99% Fees Auto Buyback, 198% Burn Ratio (Source: Aster official docu
ASTER-0.41%
LINK-1.62%
MarketWhisper·06-18 03:57
ASTER cost new model: 99% automated buyback and reserve equal-amount burns; token rises 17%