[Tether to Cease Issuance of Gold-Backed Derivative Stablecoin aUSDT] According to Cointelegraph, Tether has announced it will gradually phase out its over-collateralized gold-backed stablecoin aUSDT to focus on core products with stronger user demand, deeper liquidity, and greater long-term market opportunities. aUSDT, a derivative based on XAUT, was launched by Tether in June 2024. Users could deposit XAUT as collateral to mint aUSDT. Its current market value is approximately $1.2 million, backed by 14.73 kilograms of gold (around $2.2 million). The shutdown will proceed in stages, and users will have three months to redeem XAUT, with the deadline set for September 17. Tether stated it will reallocate resources to XAUT and other core products. XAUT currently has a market value of $3 billion, backed by 22,169 kilograms of physical gold.