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Tether announced its decision to immediately discontinue support for the EOS and Algorand blockchain implementations of USDT on June 24.

The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain.

Tether disclosed that redemption of existing USDT tokens would end after the next 12 months.

Tether has announced plans to discontinue USDT support on Algorand and EOS blockchains. The stablecoin issuer disclosed that minting will stop immediately, but the stablecoin will remain redeemable on the network for the next 12 months.

Tether halts USDT minting on EOS and Algorand to prioritize support for community-driven blockchains.

Tether, the issuer of the world's largest stablecoin, has announced it will stop minting its dollar-linked USDT token on the Algorand and EOS blockchains. This decision is part of a strategic shift to focus on community-driven blockchain support, aiming to balance maintainability, usage, and community interest.

Algorand and EOS will get no more USDT as Tether quits minting on those chains, with redemption support only promised for the next year.

Tether plans to sunset USDT minting on two major blockchain ecosystems over a year-long transitionary period.

The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.

Tether will stop minting USDT on EOS and Algorand starting June 24, 2024 and focus on community-driven blockchains.

Tether, the issuer of USD₮ tokens, is shifting its focus towards “enhancing community-driven blockchain support.” As part of this strategic transition, Tether will cease support for the EOS and Algorand implementations.

Users of stablecoin issuer Tether have just received news of the scheduled discontinuation of support on two major blockchains. Tether Standard Too High for Algorand and EOS According to its update, Tether announced that it has decided to withdraw its support for the EOS and Algorand implementations.

Tether assesses the security architecture of each network to ensure the safety, usability, and sustainability of the chosen blockchain. The stablecoin aims to allocate resources to enhance security, efficiency, and foster innovation in the crypto landscape.

Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT.

Tether will discontinue support for EOS and Algorand implementations by stopping the minting of USDT on both blockchains today.

The Algorand (ALGO) Foundation has announced the winners of the Change the Game hackathon, showcasing innovative blockchain solutions.

Algorand (ALGO) stands out as a compelling option, especially amidst its recent price movements and future predictions. Investors and enthusiasts alike are closely watching its trajectory, fueled by technological advancements and market dynamics.

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

Algorand's (ALGO) price reached a monthly low of $0.15 on Tuesday, June 11, despite trading around $0.18 in early June. On-chain analysis examines the token's potential, highlighting indicators that may drive ALGO's price action.

Algorand (ALGO) stands out with peculiar statistics. Data from IntoTheBlock indicates that only 9.39% of ALGO holders are currently in profit.

Binance expands trading options with USDT/COP pair and Algo Trading Bots.

Learn the next steps after submitting your project to the Algorand Global Hackathon.

The ever-evolving realm of cryptocurrency trading, few assets have captured the attention of investors and analysts alike quite like Algorand (ALGO). With recent predictions forecasting a potential 50% rally, the spotlight is firmly fixed on this blockchain platform, as traders and enthusiasts seek to decipher the underlying forces propelling its meteoric rise.

Algorand (ALGO), the blockchain platform known for its speedy transactions and energy efficiency, has caught the eye of crypto analysts. Popular analyst ZAYK Charts identified a potential paradigm shift for ALGO, pointing to a price breakout on the 12-hour chart that could propel the token 40-50% higher.