Tether halts issuance of gold-backed stablecoin aUSDT

- Tether has decided to cease operations for aUSDT, the derivative stablecoin backed by gold assets.
- This move is aimed at focusing on stronger user demand, deeper liquidity, and long-term market opportunities for Tether's flagship products.
- The product consolidation reflects a strategy prioritizing the development of core services over niche products.

$ausdt #ausdt

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Source: CoinTelegraph