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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 EOS Network Foundation reveals a comprehensive tokenomics overhaul, including significant reductions in EOS supply and new funding allocations.

With the Bitcoin price rising to the heights of $73,000 and aiming at the $100,00 mark, the altcoins are expected to boom in 2024. One such altcoin with immense potential is EOS, a crypto asset that runs on the EOS.IO protocol. Further, it is a platform built especially for developing decentralized apps.

The EOS Network Foundation (ENF) has given the green light to a groundbreaking tokenomics proposal. This move, heralded as a pivotal milestone, signals a new era of growth and innovation for EOS, with transformative changes poised to reshape the ecosystem and enhance network efficiency.

EOS Labs and ENF, the main stewards of the EOS Network announced a strategic collaboration with EOS Stablecoin Chain (ESCC), an Ethereum (ETH) based stablecoins solution provider.

EOS Network Foundation's new tokenomics proposal aims to revitalize the EOS ecosystem.

Yves La Rose, CEO of the EOS Network Foundation, announced that a community proposal was approved to cap the EOS supply at 2.1 billion tokens and burn the excess.

EOS Network is moving from an unlimited supply with a maximum of 10 billion tokens to a fixed supply of 2.1 billion tokens. The post EOS Network unveils new token model with fixed supply of 2.1 billion tokens appeared first on Crypto Briefing.

TL;DR The EOS Network Foundation (ENF) has approved a new tokenomic model for the EOS ecosystem. The fixed supply of tokens will be 2.1 billion, eliminating inflation and making the economic environment more predictable. Halving cycles will be introduced every four years and staking rewards and middleware operations will be improved.

EOS is shifting to a fixed supply of 2.1 billion tokens and introducing halving cycles amid ongoing community skepticism and past regulatory challenges.

The EOS Network Foundation (ENF), an open-source blockchain platform, has unveiled a new tokenomics model for the EOS ecosystem, signifying an important shift towards greater economic potential and stability for the network.

Yves La Rose, CEO of the EOS Network Foundation, announced that the EOS community has approved a proposal to cap the EOS token supply at 2.1 billion and burn the excess tokens.

EOS Network Foundation's CEO said a community proposal to cap the EOS supply at 2.1 billion tokens was approved.

Explore the proposed changes to EOS Tokenomics, aiming to stabilize and grow the EOS economy.

The EOS Network Foundation unveils its Antelope Spring Beta-1 on the testnet, marking a significant leap forward in their blockchain technology.

Key Takeaways: EOS trades below its initial coin offering price of $0.975, raising concerns among its investors. Over the last 30 days, it has risen 8% and remains range-bound in the short term.

The EOS blockchain started reinventing itself at the end of 2023, and has shown rapid revenue growth by the end of Q1. Recent Messari research shows EOS may emerge from years of obscurity and find its spot in the renewed drive for decentralized platforms.

The EOS Network Foundation unveils the exSat whitepaper, a powerful new 'Docking Layer' set to extend Bitcoin's capabilities.

With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.