{"id":14643,"date":"2024-06-24T19:49:44","date_gmt":"2024-06-24T16:49:44","guid":{"rendered":"https:\/\/forklog.com\/en\/tether-halts-usdt-issuance-on-eos-and-algorand\/"},"modified":"2024-06-24T19:49:44","modified_gmt":"2024-06-24T16:49:44","slug":"tether-halts-usdt-issuance-on-eos-and-algorand","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tether-halts-usdt-issuance-on-eos-and-algorand\/","title":{"rendered":"Tether Halts USDT Issuance on EOS and Algorand"},"content":{"rendered":"<p>From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain Support<br \/>Read more: <a href=\"https:\/\/t.co\/UCL1MJt2WO\">https:\/\/t.co\/UCL1MJt2WO<\/a><\/p>\n<p>\u2014 Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1805209982171811949?ref_src=twsrc%5Etfw\">June 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,\u201d the statement said.<\/p>\n<\/blockquote>\n<p>However, the company does not rule out the possibility of reversing its decision. Its representatives promised a \u201csmooth transition and minimal disruptions.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOur goal is to direct resources where they can best enhance security and efficiency while continuing to support innovation in the cryptocurrency space,\u201d the company emphasized.<\/p>\n<\/blockquote>\n<p>At the time of writing, the total supply of USDT on the two chains amounts to approximately $102 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-24-v-17.41.32.webp\" alt=\"Snimok-ekrana-2024-06-24-v-17.41.32\" class=\"wp-image-235514\"\/><figcaption class=\"wp-element-caption\">Data: Tether Transparency.<\/figcaption><\/figure>\n<p>In August 2023, Tether stopped issuing the stablecoin in the Kusama, Bitcoin Cash SLP, and Omni Layer ecosystems.<\/p>\n<p>In April 2024, Tether <a href=\"https:\/\/forklog.com\/en\/news\/tether-expands-usdt-support-to-ton-network\">added support<\/a> for The Open Network (TON) blockchain. Later, Binance listed USDT on the TON network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains. Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain SupportRead more: https:\/\/t.co\/UCL1MJt2WO \u2014 Tether (@Tether_to) June 24, 2024 \u201cTether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,\u201d the statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1329,817,807,1245],"class_list":["post-14643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-algorand-algo","tag-eos","tag-stablecoins","tag-tether-usdt"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14643"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14643\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14642"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}