Tether sunsets Alloy platform to prioritize gold-backed XAUT

The company has initiated a phased shutdown, immediately blocking new positions and the minting of additional aUSDT. Existing users have until September 17, 2026, to return their aUSDT tokens and reclaim their XAUT collateral. According to Tether, the Alloy platform held a market cap of approximately $1.2 million, secured by 14.73 kilograms of gold, a negligible figure compared to the $3 billion market valuation of XAUT.

Tether maintains that the Alloy experiment provided valuable insights into tokenized real-world assets and collateralized lending. However, the company is now consolidating its resources around products with deeper liquidity, such as XAUT and its primary dollar-pegged stablecoin. This decision follows a broader trend of pruning niche assets, including the previous discontinuation of Tether’s yuan-pegged CNHT and euro-pegged EURT tokens. As the firm pivots toward infrastructure, AI, and robotics, it is prioritizing its most scalable assets to sustain its dominant market position.