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Tether halts USDT minting on EOS and Algorand

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Source: Coin Telegraph

Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT.

Stablecoin giant Tether is continuing to transform its flagship U.S. dollar-pegged stablecoin, USDT, by halting the issuance of new USDT on several more blockchains.

Tether will stop minting USDT on EOS and Algorand blockchain starting June 24, the firm officially announced on its blog on Monday.

Following the termination, Tether will continue to redeem USDT on EOS and Algorand “as usual” for the next 12 months. “Further changes may be evaluated and announced around that time,” the announcement notes.

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Author: Helen Partz

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