Custom domains service deprecation
help.medium.com
help.medium.com
Medium custom domains depend on a CNAME, which aliases all record types. This means once the CNAME is in place, no separate CAA is needed -- Medium just needs to serve a CAA record on the CNAME target, and their customers would never have to worry about the CAA.
In all reality that is probably not the actual reason they're deprecating it just a side note or poor excuse attempt.
Shame to see this feature go, but it reduced marketing for medium itself, so I was always surprised by it. Does seem to remove product value though in terms of something people would pay for. So may hurt revenue potentially?
They don't.
They used a random-letters subdomain with a CNAME for something (identifying user ID maybe), but the actual domain is redirected by setting A records pointing to their servers.