Tether's Alloy Platform Winds Down: Repay aUSD₮ by September 17

Alloy by Tether is shutting down its platform for minting and redeeming aUSD₮, a dollar-pegged synthetic token backed by XAU₮ (Tether Gold) collateral. Users who opened positions on the platform have until September 17, 2026, to repay their aUSD₮ and withdraw their collateral.

The shutdown affects users who minted aUSD₮ against XAU₮, while those who simply hold the token on an exchange or DEX may need to sell or swap it for USDT/USDC instead of redeeming it through Alloy. The platform's redemptions will stop after September 17, and new positions are already blocked.

The deadline is strict, with no extensions expected from Tether. Users should aim to complete the redemption process at least a few days before the cutoff date to avoid congestion and UI issues. If you're unsure about your position or have questions, it's best to consult the official Tether website for guidance.