🚀Tether, the big daddy of stablecoins, is pulling a "no more minting" stunt on Algorand and EOS blockchains. Apparently, they're on a "strategic transition" to favor blockchains that are more into community service.😎

They're aiming to strike a balance between maintainability, usage, and community interest. But hey, don't panic if you've got USDT on Algorand and EOS. Tether will keep redeeming the stablecoin on these chains for the next 12 months.👍

Here's a fun fact: Tether has a whopping $113 billion of USDT in circulation across 16 different blockchains. But guess what? Most of it is chilling on just two chains - $59 billion on Tron and $52 billion on Ethereum.🤑

On Algorand, there's a tiny $85 million of USDT, or only 0.08% of the total supply; on EOS, just $17 million, or 0.015% of total supply.🤷‍♂️

What's your take on this move by Tether? Drop your thoughts in the comments!👇 #DeFi #Web3