According to Techub News, Tether will strategically transform and prioritize supporting community-driven blockchains. After comprehensive consideration, Tether will stop supporting EOS and Algorand implementations.

The announcement stated 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.