Replace the status meeting with a short screen-and-camera recording people watch on their own time, without losing the context the meeting carried.
A status meeting delivers four things and only one of them is status: the facts, the emphasis (which fact to worry about, carried by tone), the demonstration, and the interrupt.
A written update replaces the facts and drops the other three. That loss is gradual, which is why teams feel it around week three and quietly bring the meeting back.
Timestamped threaded comments are a Team-plan feature. Recording, captions, and sharing work on every plan.
Async video is genuinely bad at real disagreement, ambiguous decisions, anything with emotional weight, and anything where the outcome depends on people building on each other live. Do not put a hard conversation in a recording.
The point of moving status async is to protect meeting time for exactly those conversations.