Tether announced the wind‑down of its Alloy platform and the aUSD₮ token after completing a comprehensive review of user activity, market demand, and strategic priorities.
Alloy Platform Phase‑Out Plan
The Alloy by Tether framework was introduced as an open blockchain solution to test digital assets backed by Tether Gold tokens (XAU₮), including the over‑collateralized aUSD₮ stablecoin. Insights gathered from the platform highlighted modest demand for gold‑backed crypto products and clarified how investors interact with tokenized real‑world assets. Tether now intends to allocate resources toward initiatives that demonstrate deeper liquidity, stronger user interest, and longer‑term market potential, such as XAU₮ and other core offerings within its ecosystem.
Investor Path Forward
Effective immediately, the Alloy interface has been modified to block the creation of new positions and the minting of additional aUSD₮ tokens, ensuring a clear route for existing participants to unwind their holdings. Users may return aUSD₮ and redeem their XAU₮ collateral over the next three months, in accordance with the Alloy by Tether Terms of Use. After 17 September 2026, any aUSD₮ that remains unclaimed will forfeit the ability to retrieve the associated XAU₮, concluding the platform’s shutdown process.