🔥Hot off the press! Tether, the world's largest stablecoin issuer, is shaking things up! They're halting the minting of USDT tokens on Algorand and EOS blockchains. 🚫 Why? They're prioritizing community-driven blockchain support. It's all about striking that perfect balance between maintainability, usage, and community interest. 🎯

From Monday, no new USDT will be minted on these two chains, but fear not! Tether will continue redeeming the stablecoin on Algorand and EOS for the next year. 🔄

Let's put things into perspective: There's a whopping $113 billion of USDT in circulation across 16 blockchains. But, only $85 million (0.08% of the total supply) is on Algorand and a mere $17 million (0.015% of total supply) on EOS. 🌐

What do you think about this strategic transition? Will it impact the crypto market? Share your thoughts below! 👇 #CryptoNews #Tether #Blockchain