Tether is winding down its synthetic gold-backed stablecoin aUSDT, giving holders until September 17, 2026, to redeem their tokens via the Alloy platform and reclaim the underlying Tether Gold (XAUT) collateral. Despite the announced deadline, on-chain data shows the outstanding aUSDT supply has barely decreased, indicating most holders have yet to act. After the deadline, holders lose the ability to swap aUSDT for gold through the platform, making timely redemption crucial. This move reflects Tether's focus on its core products, with the gold-backed token XAUT growing while the synthetic dollar aUSDT failed to gain demand. Holders should check their balances, redeem early to avoid issues, and consider secure storage options for the reclaimed gold tokens. Tax implications may apply, so documentation and professional advice are recommended.
Tether's US-regulated stablecoin, USA₮, ended July with $175.91 million in reserves backing 175.25 million tokens, creating a $660,000 surplus. The reserves consist of US dollars and Treasury-backed reverse repurchase agreements held by Anchorage Dig...
Tether's USA₮ stablecoin maintained over 175 million tokens in circulation by the end of July, with reserve assets totaling $175.9 million. This created a record reserve surplus of $661,079, exceeding the redeemable supply by about 5%. Most reserves ...
Tether CEO Paolo Ardoino disputes the Bank for International Settlements' (BIS) preference for tokenized bank deposits, arguing that stablecoins backed by US Treasury bonds provide more solid reserves and guarantees. Ardoino highlights that tokenized...
Tether CEO Paolo Ardoino criticized the Bank for International Settlements (BIS) for promoting tokenized bank deposits over stablecoins, arguing that stablecoins are safer because they are fully backed by U.S. Treasuries, unlike tokenized deposits wh...
Tether is expanding its Hadron tokenization platform across the Asia-Pacific region, appointing Jed Nazif as Expansion Manager to drive real-world asset tokenization initiatives. Hadron, launched in 2024, enables institutions to issue and manage toke...
