PANews reported on June 24 that according to the official blog, stablecoin issuer Tether said that starting today (June 24, 2024), Tether will stop minting USDT on EOS and Algorand. In the next 12 months, Tether will continue to exchange USDT on EOS and Algorand as usual. Further changes may be evaluated and announced at that time.
Tether said it is committed to maintaining a strong and innovative blockchain ecosystem for USDT and all other tokens it issues. In order to fulfill this commitment, it will continuously evaluate the current transmission layer and strive to strike a balance between maintainability, usability and community interests.