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Tether Shelves aUSDT Stablecoin and Sets XAUT Redemption Deadline

2026-06-19 22:55:53

Tether is winding down its gold-backed aUSDT stablecoin and Alloy by Tether after a review of user activity, market demand, and business priorities. New positions and minting stopped immediately, and holders have until Sept. 17 to return aUSDT for XAUT collateral. aUSDT had a market cap of roughly $1.2 million at the time of the announcement.

XAUT-0.49%

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