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 customers still owe 399,088.74 aUSDT against 194.41 Tether Gold (XAUT) in collateral, and the clock now reads 37 days.But there’s a bigger concern. For every $10,000 in Tether Gold, about $3 sits in Alloy. The other…