Tether to discontinue USDT support on five chains, including EOS, starting this September
Uk Jin
Summary
- Tether announced it will discontinue USDT support on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand starting this September.
- Tether reported that the amount of USDT in circulation on these networks has decreased significantly over the past two years.
- They explained that this decision was made after a comprehensive review of blockchain usage data, market demand, and feedback from the community and infrastructure partners.
Tether, the world's largest stablecoin (a virtual asset whose value is pegged to a fiat currency) issuer, plans to discontinue support on certain chains.
On the 12th (Korean time), Tether announced on its official website that it will end USDT support on Omni Layer, Bitcoin Cash (BCH) SLP, Kusama (KSM), EOS (EOS), and Algorand (ALGO).
Tether stated, "Over the past two years, the amount of USDT in circulation on these networks has decreased significantly," explaining that this decision resulted from a comprehensive review of blockchain usage data, market demand, and feedback from community stakeholders and infrastructure partners.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
