🚨 STRATEGIC ADJUSTMENT: Tether announces the definitive shutdown of its gold-backed synthetic dollar (aUSDT)
Pluang
The directive from the world's largest stablecoin issuer is reshuffling its crew. Tether has officially confirmed the start of the scheduled dismantling of its Alloy platform and the discontinuation of aUSDT, its stablecoin pegged to the dollar that operated under tokenized gold backing ( $XAUT ). 📊🔒
The Block
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The key takeaways from the announcement and capital reorientation: