TechFlow news: Tether announced a strategic shift to prioritize community-driven blockchains, aiming to maintain a robust and innovative ecosystem for USD₮ and its other tokens. Tether stated it continuously evaluates its current transfer layers, striving to balance maintainability, usage, and community interest. After careful consideration, Tether has decided to discontinue support for the EOS and Algorand implementations. The specific transition plan is as follows:
- Starting June 24, 2024, Tether will cease minting USD₮ on EOS and Algorand.
- Tether will continue redeeming USD₮ on EOS and Algorand over the next 12 months, during which it may assess and announce further changes.
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