Tether is Killing Its Gold Stablecoin Experiment in 37 Days. Should Investors Worry?
Tether will shut down Alloy, its gold-backed lending platform, on September 17. Five clients nonetheless owe 399,088.74 aUSDT in opposition to 194.41 Tether Gold (XAUT) in collateral, and the clock now reads 37 days. But there’s a much bigger concern. For each $10,000 in Tether Gold, about $3 sits in Alloy. The different 99.97% of…
