Tether has announced that it will discontinue Alloy by Tether and its gold-collateralised aUSDT stablecoin after two years of operation. The company said the decision follows a review of user activity, market demand, and broader strategic priorities. Existing users will have three months to redeem their aUSDT holdings and reclaim the underlying XAUT collateral, while Tether shifts its focus toward products with stronger liquidity, greater adoption, and larger market opportunities.