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Tether winds down gold-backed derivative stablecoin aUSDT
Tether is reducing its gold-backed derivative stablecoin aUSDT, prioritizing products with stronger user demand, deeper liquidity, and broader long-term market opportunities.
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Adjacent reporting
- Bank of England reconsiders strict stablecoin regime
- IMF warns rising stablecoin use could weaken Naira demands
- The stablecoin market has got too stable
- Yields on stablecoins is the best way to onboard more TradFi users into DeFi.
- Visa says stablecoins are ‘reshaping the back end’ of commerce as it expands AI, tokenization efforts
- Coinbase invests in ProShares ETF tailored for stablecoin reserve assets