Tether Announces Closure of Alloy and aUSDT Gold-Backed Stablecoin
Wednesday, 17 June 2026, 20:55
Tether Winds Down Alloy and aUSDT Gold-Backed Stablecoin
Tether is winding down Alloy by Tether and its aUSDT gold-backed stablecoin after just two years to focus on products and areas with stronger potential.
Strategic Shift in Focus
This decision underscores Tether's strategic move to enhance its product portfolio, ultimately aiming to maximize profitability and efficiency.
Looking Ahead
- Expected benefits from focusing on core products.
- Impact on the cryptocurrency landscape.
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