➤ The article contrasts the performance of tokenized gold (XAUT) with a synthetic product (aUSDT), highlighting XAUT's significant growth and backing by physical gold. ➤ It argues that Tether's discontinuation of aUSDT is a strategic refinement of focus, not a retreat from its gold-backed token strategy. ➤ The piece suggests this move strengthens the position of the successful 'real gold' token.

➤ Tether is discontinuing its aUSDT stablecoin due to low adoption, requiring holders to redeem for XAUT (Tether Gold) by September 17, 2026. ➤ Digital asset lender Ledn has integrated XAUT as collateral for stablecoin loans, expanding its offerings beyond Bitcoin and tapping into the growing tokenized commodity market. ➤ The broader RWA market has reached $43 billion, with tokenized commodities representing a significant portion, and Ethereum remains the dominant network for RWAs.

➤ Tether Gold (XAUT) is solidifying its market position as a leading tokenized gold product following the shutdown of its competitor, aUSDT, due to insufficient liquidity and demand. ➤ XAUT boasts a $3 billion market cap backed by physical gold and is seeing increased institutional adoption, including integration into dividend payment structures by Elemental Royalty. ➤ The article highlights that deep liquidity and strong user demand are crucial for the survival of tokenized assets, contrasting XAUT's success with aUSDT's discontinuation.