Representatives of the company assured that USDT holders will be able to continue to make translations between cryptocurrencies, but there will be no more ransom of stablecoins on these five blockchains. That is, tokens will lose official Tether support – unlike tokens in other networks with which the company will continue to work.
“Tether remains committed to the idea of a smooth transition and will continue to interact with the community to ensure transparency and clarity during this process,” the official announcement says.
The decision to terminate the issue USDT On five blocks, it occurred due to the fact that they no longer have high activity of developers, high scalability and sustainable user demand, representatives of the issuing company explained.
Previously, Tether reported that she added support for the USDT stablecoin on RGB – a protocol for the release of cryptocurrencies in the Bitcoin network.
Source: Bits

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