Tether announces strategic shift to prioritize support for community-driven blockchains
Tether announced its strategic shift to prioritize supporting community-driven blockchains in order to maintain a strong and innovative ecosystem for USD₮ and other tokens. Tether stated that they will continually assess the current transport layer, striving to strike a balance between maintainability, usage, and community interest. After careful consideration, Tether has decided to cease support for EOS and Algorand implementations. The specific transition arrangements are as follow - Starting June 24, 2024, Tether will stop minting USD₮ on EOS and Algorand. - Tether will continue to redeem USD₮ on EOS and Algorand over the next 12 months and may assess and announce further changes during this period.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New Hampshire Enacts Strategic Bitcoin Reserve Law
UK Rules Out Bitcoin Reserve, Focuses on Blockchain Regulation
Defiance Launches New ETFs for Bitcoin, Ethereum, Gold
Movement Labs Terminates Co-Founder Amid Leadership Overhaul
Trending news
MoreCrypto prices
More








