Tether, the leading stablecoin issuer, has announced it will discontinue support for USDT on five prominent blockchain networks, including Kusama, EOS, and Algorand, effective September 1. This strategic move aims to streamline operations and enhance liquidity management across its supported chains. Market participants should anticipate adjustments in transaction routing and liquidity pools as Tether consolidates its network footprint. Investors and developers utilizing these blockchains for USDT transactions are advised to transition to alternative supported networks to maintain seamless access to Tether’s stablecoin services. This decision reflects Tether’s ongoing commitment to optimizing network efficiency and regulatory compliance in a rapidly evolving crypto ecosystem.
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