Tether Alloy Shutdown Leaves $850k Gold at Risk as Deadline Nears

Tether, the dominant issuer in the cryptocurrency stablecoin market, is officially winding down its Alloy by Tether platform. This move, set for September 17, 2026, places approximately $850,000 worth of gold collateral at an uncertain risk for the holders of five open collateral-mint positions who haven’t yet reclaimed their assets.
The platform offered a dollar-tracking derivative stablecoin, aUSDT, backed by Tether Gold (XAUT) stored in secure Swiss vaults.41497 XAUT in collateral, face