Tether is winding down Alloy on September 17, cutting off customers who still hold aUSDT from recovering their XAUT collateral through the platform. Five open positions carry 399,088.74 aUSDT of debt backed by 194.41497 XAUT of collateral. The 50 million token figure represents maximum supply, not actual open debt. Tether has not published any replacement route after the cutoff date, leaving the disposition of pledged XAUT unclear.
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