1.9K @news_oct CRYPTO NEWS for 19th June:
➤ Peter Schiff accuses Michael Saylor of misleading STRC buyers.
➤ Alloy by Tether Shuts Down, aUSDT Holders Face Deadline.
➤ Rockstar Games Confirms GTA 6 Pre-Orders Date and Themed Meme Coins Explode.
➤ JPMorgan says bitcoin mining economics have 'worsened' as BTC trades below production cost.
➤ Ireland flags crypto as major threat in anti-money laundering push.
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10.8K @Freki_OG 
1.1M @coinbureau 🚨TETHER SHUTS DOWN ITS GOLD‑BACKED STABLECOIN
Tether is winding down aUSDT, their dollar‑pegged stablecoin backed by its own tokenized gold (XAUT).
The company says it is shifting focus to areas with "stronger demand and broader market opportunity."
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6.1K @crypto_economy 🟡 Tether shuts down aUSDT and the Alloy platform in a gradual dismantling process
@Tether announced on June 17, 2026 that it will progressively close its experimental Alloy by Tether platform and discontinue its synthetic stablecoin aUSDT.
The company indicated that it will reallocate resources toward its core products, USDT and XAUT (Tether Gold).
What was aUSDT?
Launched in June 2024, aUSDT was a synthetic stablecoin pegged to the dollar that combined fiat stablecoin mechanisms with exposure to tokenized gold. It was backed by Tether Gold (XAUT) through an over‑collateralisation scheme.
Users could deposit XAUT into smart contracts and mint aUSDT up to 75% of the value of their deposited gold. The goal was to provide dollar stability while maintaining exposure to the price of gold.
Parity was maintained via over‑collateralisation, arbitrage, price oracles and liquidation mechanisms if collateral ratios fell below set thresholds. This allowed users to keep gold exposure without selling it.
Reasons for the closure
Tether said the decision was due to low adoption and limited demand since launch. At the time of closure, aUSDT had a market cap of about $1.2 million and roughly 1.16 million tokens in circulation.
The platform saw little activity and low trading volumes. In contrast, USDT and XAUT have achieved far greater adoption and liquidity. XAUT exceeds $2.6 billion in market cap, backed by more than 22,000 kg of physical gold in Swiss vaults.
Tether stated it will redirect resources toward products with higher demand and scalability.
Closure timeline
From June 17, 2026: creation of new aUSDT is disabled and no new positions are allowed.
By September 17, 2026: users will be able to redeem aUSDT for collateral in XAUT.
After September 17, 2026: the redemption process on the Alloy platform is deactivated.
The shutdown is being carried out gradually to allow an orderly exit of positions.
Important notice:
This information is based on Tether’s official announcement on June 17, 2026. It does not constitute investment advice. Users should consult Tether’s official channels for redemption details.
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