Tether Rescinds Decision To Halt Operations On 5 Blockchains

Tether Cancels USDT Freeze on Five Blockchains but Ends New Issuance

Tether will no longer freeze USDT smart contracts on five blockchains after receiving user feedback. Users can still transfer USDT on these chains but cannot redeem or issue new tokens moving forward. Tether will now focus support on chains like Tron and Ethereum with high activity and strong user demand. Tether has reversed its decision to freeze USDT smart contracts on five blockchains. The stablecoin issuer confirmed users can still transfer …

Tether Modifies USDT Strategy Across Five Blockchains - Blockchain & Cryptocurrencies Tabloid

Tether halts new USDT issuance on five blockchains, affects Omni Layer, others.

Tether Reverses Decision to Freeze USDT on Five Blockchains

Stablecoin issuer Tether has reversed its earlier decision to freeze USDT smart contracts on five blockchains, opting for a more flexible approach after community concerns. The company had initially planned to completely shut down support for Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand by early September. That move would have rendered USDT tokens […]

Tether Abandons Plan To Freeze USDT On Five Chains – #CryptoUpdatesGNIT

Stablecoin issuer Tether has abandoned its plan to freeze USDT smart contracts on five chains, saying the tokens will remain transferable but no longer be issued or redeemed. The revised plan impacts users on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand, Tether said on Friday after receiving feedback from members of these ecosystems. “Following the feedback from the communities of these discontinued blockchains, Tether has revised thi…

Tether Rescinds Decision To Halt Operations On 5 Blockchains

Tether, the company behind the world’s largest stablecoin USDT, has discarded its plans to completely sunset USDT operations on five blockchains—Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The crypto company announced the initial plan to disable its stablecoin support on these legacy chains in July, citing a shift in its business strategy. Tether justified this earlier decision with the claim of aligning its operations with the curr…

Tether scraps plan to freeze USDT on five blockchains

Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity.