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 backed by gold but failed to gain widespread acceptance. Tether Gold, backed by physical gold bullion, remains unaffected and is central to Tether's strategy to expand tokenized gold products amid growing market interest. Users can redeem aUSDT tokens as the product is retired, while Tether invests more in products with strong demand 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 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...
In Venezuela, the demand for Tether's stablecoin USDT surged by 16% over the past month, pushing its price above 800 bolivars on P2P platforms like Binance. This rise coincides with a 131% increase in monetary liquidity by the Central Bank of Venezue...
