Alloy by Tether Closure: How to Redeem aUSDT Before September 17

What happened

Alloy by Tether set a September seventeenth deadline for aUSDT holders to redeem their tokens, requiring minters to repay and unlock the underlying XAU‑backed token, with supply near fifty million and price dropping below one dollar.

Confirmed

Global impact / market context

The deadline forces aUSDT holders to act, which could lower the token’s circulating amount and test Tether’s ability to keep its gold backing, shaping confidence in gold‑linked stablecoins.

Analyst inference

The redemption deadline ends on September seventeenth, after which minters must repay to unlock XAU‑backed tokens; the on‑chain supply is close to fifty million and the price fell to under one dollar.

Confirmed

What to watch

1. The volume of aUSDT redemptions before the deadline, which could further push the token’s price lower and affect Tether’s gold reserves. Analyst inference
2. Changes in the supply of XAU‑backed tokens after redemptions, influencing demand for gold‑linked crypto assets. Analyst inference
3. Regulatory attention on stablecoin redemption processes, potentially leading to stricter rules or more disclosure requirements. Analyst inference

Affected assets

• USDT — Tether

Evidence

• cryptodaily.co.uk