Tether AbT* today announced that it will begin the planned wind-down of Alloy by Tether and aUSD₮, following a review of user activity, market demand, and the company’s broader priorities.

Alloy by Tether was launched as an open platform designed to explore the creation of digital assets backed by Tether Gold tokens (“XAU₮”), including aUSD₮, an overcollateralized digital asset backed by XAU₮. Since launch, the platform has provided valuable insights into demand for gold-backed digital assets, collateralized products, and the ways users interact with tokenized real-world assets.

Following this review, Tether has decided to focus resources on areas where it is seeing stronger user demand, deeper liquidity, and broader long-term market opportunity, including XAU₮ and other core products across its ecosystem.

The wind-down will take place in phases to support an orderly transition. As a first step, starting today, the Alloy by Tether interface will be updated to remove the ability to open new positions or mint new aUSD₮. Tether is taking this approach to ensure users have a clear path to unwind existing positions while preventing new exposure from being created during the wind-down period.

Existing users will continue to be able to return their aUSD₮ and remove their XAU₮ for the next three months, subject to the applicable Alloy by Tether Terms of Use. Starting on 17 September 2026, customers who have not returned their aUSD₮ will no longer be able to recover their XAU₮ through the platform.

We deeply appreciate your continued support and trust in Tether as we continue working toward a more sustainable and democratized financial system for all. For any questions, please contact our Customer Support team here.  For more information and ongoing updates on the wind- down, please visit: https://tether.io/ and https://tether.io/news 

* References to Tether AbT in this press release are references to Moon Gold El Salvador, S.A. de C.V. and Moon Gold NA, S.A. de C.V.