Tether suddenly announced the shutdown of aUSDT, which only lasted two years before being axed. This move is quite intriguing🤔
As the first token on the Alloy platform, aUSDT now has a market cap of only about $1.2 million, which can't hold the fort. Tether is essentially cutting off its arm to survive, funneling resources into XAUT and other core products with greater potential.
They've now halted new positions and minting, giving users a 3-month window to redeem aUSDT for XAUT, with a deadline of September 17. Friends holding this token, make sure to act before it's too late.
The stablecoin arena is fiercely competitive; even Tether is actively trimming its product line, suggesting that industry concentration will only increase going forward.
#稳定币 #Tether
As the first token on the Alloy platform, aUSDT now has a market cap of only about $1.2 million, which can't hold the fort. Tether is essentially cutting off its arm to survive, funneling resources into XAUT and other core products with greater potential.
They've now halted new positions and minting, giving users a 3-month window to redeem aUSDT for XAUT, with a deadline of September 17. Friends holding this token, make sure to act before it's too late.
The stablecoin arena is fiercely competitive; even Tether is actively trimming its product line, suggesting that industry concentration will only increase going forward.
#稳定币 #Tether