Tether Halts USDT Issuance on Algorand and EOS to Focus on Expanding Blockchain Communities

Tether, the issuer of the prominent stablecoin USDT, recently declared its intention to halt the minting of USDT on the Algorand and EOS blockchain networks. This strategic shift focuses on supporting blockchains with growing communities. Tether will continue to allow token redemptions on Algorand and EOS for the next 12 months despite halting new token

Source: CoinOtag