Tether to stop minting USDT on EOS and Algorand starting today.

Tether said it would stop minting USDT on the EOS and Algorand blockchains and would continue supporting redemptions on those networks for 12 months. The company framed the move as part of a strategic shift toward prioritizing blockchain ecosystems with stronger community demand and more sustainable long-term support. The decision matters because USDT is the largest stablecoin by market use, so changes to issuance and redemption support can affect liquidity and operational access on specific chains. EOS and Algorand were among the earlier networks supported by Tether, but the company has been rebalancing support toward higher-usage or more actively developed blockchains, and later said it would wind down support for several legacy networks including EOS and Algorand as part of a broader infrastructure review.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Tether stops minting USDT on EOS and Algorand gives 1 year for ... (cryptoslate.com)
• Here's Why Tether Has Ceased Minting USDT On EOS And Algorand (cryptorank.io)
• Tether stops minting USDT on EOS and Algorand chains ... - Binance (binance.com)
• Tether to Wind Down USD₮ Support for Five Legacy Blockchains as ... (tether.io)
• TETHER ENDS $USDT MINTING ON EOS AND ALGORAND - THE ... (x.com)

Explore the topic

• Tether
• Bitfinex
• USDT