Tether has reversed its plan to freeze USDT on five blockchains, opting to keep token transfers active while ending issuance and redemption support on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. This strategic move focuses on blockchains with strong demand, as Ethereum and Tron dominate USDT circulation. The shift aligns with broader U.S. regulatory support for stablecoins, anticipating significant market growth in the coming years.
Continue to read Tether Halts USDT Issuance and Redemption on Select Blockchains but Maintains Transfers
Tether has reversed its plan to freeze USDT on five blockchains, opting to keep token transfers active while ending issuance and redemption support on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. This strategic move focuses on blockchains with strong demand, as Ethereum and Tron dominate USDT circulation. The shift aligns with broader U.S. regulatory support for stablecoins, anticipating significant market growth in the coming years.
Continue to read Tether Halts USDT Issuance and Redemption on Select Blockchains but Maintains Transfers
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