Tether, the issuer of the USDT stablecoin, has not announced whether it plans to withdraw support for its “stable coin” on the TRON network. This is reported by Cointelegraph with reference to the company's statement.
Note that Cointelegraph turned to Tether after Circle announced that it would gradually stop issuing USDC stablecoins on the TRON blockchain to ensure the reliability and transparency of the asset.
At the time of writing, the TRON network stores more than 50% of all USDT – 51.8 billion. Another about 45 billion USDT is stored in Ethereum.
At the end of January 2024, Tether authorized the release of another 1 billion coins on the TRON network.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
