Tether Issues Update On USDT Halt on Algorand, EOS, & Others

In a follow-up of Tether’s decision to stop issuing USDT on Algorand, EOS, Omni, and Kusama, the stablecoin giant revealed a crucial update today, July 11. As a broader approach to facilitate a robust and innovative blockchain ecosystem for USDT and EURT, the firm spotlighted its next steps in discontinuing support for the mentioned stablecoins on the abovestated blockchains. The announcement has promptly gained significant traction among Tether users holding these stablecoins on Omni, Kusama, SLP, EOS, and Algorand. Here’s an overview of the announcement and its potential implications.