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Tether Halts New USD₮ Minting on EOS and Algorand, Citing Community Focus

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11 months ago bitnews

Tether, the issuer of the world’s largest stablecoin, is adjusting its blockchain strategy by ceasing to mint new USD₮ tokens on the EOS and Algorand networks. Starting June 24, 2024, Tether has announced it will discontinue minting USD₮ on EOS and Algorand but will continue to redeem USD₮ on these platforms for the next 12 The post Tether Halts New USD₮ Minting on EOS and Algorand, Citing Community Focus appeared first on Coin Edition .