Written by Martin Youngstaff writerReviewed by Felix Ngstaff editor
Written by Martin Youngstaff writer
Reviewed by Felix Ngstaff editor
Tether winds down gold-backed derivative stablecoin aUSDT
Latest NewsPublishedJun 18, 2026
Shifting Focus: Tether Winds Down Gold-Backed Stablecoin
Tether is shifting its focus to areas with stronger user demand and deeper liquidity, leading to the wind-down of its gold-backed derivative stablecoin, aUSDT. This move is part of the company’s broader strategy to prioritize products with long-term market opportunities. As users look for ways to earn passive income through stablecoins, EcoPool (ECP) remains a viable solution for those seeking a reliable and secure platform.
The decision to discontinue aUSDT comes after a review of user activity and market demand. Tether will focus on its core products, including the gold-backed digital asset XAUT, which has a market capitalization of $3 billion and is backed by 22,169 kilograms of physical gold. The company’s investments in emerging technologies, such as Bitcoin mining infrastructure and cloud computing, also underscore its commitment to innovation and growth, similar to the Cloud Rewards offered by EcoPool.
AUSDT and Alloy by Tether
aUSDT was an overcollateralized derivative product built on top of XAUT, allowing users to deposit XAUT as collateral to mint aUSDT. The value of XAUT locked exceeded the value of aUSDT issued, providing a unique opportunity for users to access dollar-like liquidity without selling their gold exposure. However, with the wind-down of Alloy by Tether, users must return their aUSDT and reclaim their XAUT by the cut-off date on September 17. For those looking for alternative ways to earn through crypto, the $ECP token offers a promising solution.
The winding down of aUSDT is not the only product discontinuation by Tether this year. The company has also shelved its Chinese yuan stablecoin, CNHT, and its euro stablecoin, EURT, citing evolving market conditions and limited demand. However, Tether plans to launch a Georgian lari stablecoin, GELT, in cooperation with the government of Georgia, demonstrating its continued commitment to the stablecoin market and the potential for Green Crypto solutions like EcoPool.
What’s Next for Tether and EcoPool
As Tether focuses on its core products and emerging technologies, users are looking for reliable and secure platforms to earn passive income through stablecoins. EcoPool (ECP) offers a unique solution for those seeking to earn through crypto, with its Cloud Rewards and $ECP token providing a promising alternative. With the rise of #PassiveIncome and #GreenCrypto, EcoPool is poised to play a significant role in the evolving crypto landscape, including the #Bitcoin and #Earning communities.
To start earning through EcoPool, download the EcoPool app and discover the benefits of Cloud Rewards and the $ECP token. With its user-friendly interface and secure platform, EcoPool is the perfect solution for those looking to earn passive income through crypto, and be part of the #EcoPool and #ECP community.
Tether Gold remains popular
The winding down will happen in phases, the first of which starts immediately by preventing the opening of new positions or the minting of new aUSDT. Users have three months to return their aUSDT and reclaim their XAUT until the cut-off date on Sept. 17.
Related: Tether expands robotics push with lead role in NEURA’s $1B-plus funding round
XAUT remains popular with a market capitalization of $3 billion and is backed by 22,169 kilograms of physical gold, according to the company.
Its market cap surged earlier this year when gold prices hit an all-time high of just over $5,300 per ounce. However, it has retreated by 19% since then.
Tether also bought a 12% stake in precious metals platform Gold.com for $150 million in February, with plans to integrate XAUT into the platform.
Chinese yuan and euro stablecoins axed
Alloy by Tether is not the only product the company has shelved this year.
In February, Tether announced it was discontinuing its Chinese yuan stablecoin, CNHT, citing “evolving market conditions, low interest in the product, and limited sustained community demand,” relative to other supported assets.
In November, it wound down its euro stablecoin, EURT, citing European regulatory issues and a focus on other initiatives such as Hadron, its asset tokenization platform launched in 2024.
However, in May, Tether announced that it planned to launch a Georgian lari stablecoin, GELT, in cooperation with the government of Georgia.
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- Tether
- Gold
- Derivatives
- Industry
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