Tether will phase out Alloy by Tether and its gold-backed aUSDT token after reviewing user activity and market demand.

Tether is shutting down its Alloy platform and aUSDT token after limited adoption, giving users until September 17 to unwind positions as it refocuses on

Tether is winding down aUSDT, giving users until Sept. 17 to redeem gold-backed tokens before access ends.