Project Progress

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Tether Shuts Down Alloy Platform and aUSDT Stablecoin

Tether will shut down its Alloy platform and aUSDT stablecoin, halting new minting and position creation immediately. The company is winding down the gold-backed digital asset to refocus resources on its core XAUT gold token and other products with stronger market demand. According to an official st
XAUT0.12%
EthanBrooks·06-18 23:38
Tether Shuts Down Alloy Platform and aUSDT Stablecoin

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
XAUT0.12%
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
ETH-2.31%
OP-2.95%
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
ALGO0.03%
EthanBrooks·06-18 18:13
Algorand Unveils Quantum Resistance Roadmap Targeting 2027