Starting June 24, 2024, Tether will stop issuing the USDT stablecoin on the EOS and Algorand blockchains.
Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain Support
Read more: https://t.co/UCL1MJt2WO— Tether (@Tether_to) June 24, 2024
However, the company does not rule out that it may change its decision. Its representatives promised a “smooth transition and minimal disruption.”
At the time of writing, the combined supply of USDT on the two chains is approximately $102 million.
In August 2023, Tether stopped issuing stablecoins in the Kusama, Bitcoin Cash SLP and Omni Layer ecosystems.
Source: Cryptocurrency
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