Tether is shutting down Alloy by Tether and its aUSD₮ stablecoin, ending its experiment with gold-backed collateralized lending on the blockchain. The platform allowed users to mint a synthetic dollar asset backed by tokenized gold but saw limited demand compared to direct tokenized gold exposure. Tether will focus on its core offerings like XAU₮, which have stronger user interest and liquidity. This move highlights that while tokenized real-world assets are growing, not all tokenized lending products gain traction equally, emphasizing the need for clear user value and liquidity.
Tether's Wallet Development Kit (WDK) has surpassed 100,000 self-custodial wallets, marking a significant step in its effort to build wallet infrastructure for stablecoins and Bitcoin. The WDK is an open-source toolkit enabling developers to create m...
Tether announced it will phase out its derivative gold stablecoin aUSDT due to low adoption and shift focus to Tether Gold (XAUt), which has seen rising demand. aUSDT, launched in 2024 via Alloy by Tether, allowed users to mint dollar-pegged assets b...
Tether Wallet version 1.4 now supports the Bitcoin Lightning Network, enabling users to send and receive Bitcoin using BOLT11 invoices and LNURL for faster and lower-cost transactions. This update enhances fee estimation and user experience within Te...
Tether is discontinuing Alloy by Tether and its gold-backed stablecoin aUSDT after evaluating user activity and market demand. Users can redeem aUSDT for XAUT until September 17, 2026, after which recovery through Alloy ends. This move aligns with Te...
Tether has announced it will wind down its Alloy platform and the gold-backed aUSDT token, stopping new positions and minting immediately. This move follows a review of customer demand and business priorities, with Tether shifting focus to its Tether...
