Tether discontinues support for the Eos Network and Algorand implementations of its flagship stablecoin USDT.
Stablecoin giant Tether is continuing to transform its flagship United States dollar-pegged stablecoin USDT by halting the issuance of new USDT tokens on several more blockchains.
The company will stop minting Tether (USDT) on the Eos and Algorand blockchains starting June 24, it officially announced on its blog on Monday, June 24.
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.
