On July 11, Cryptonoticias reported that Tether Company would eliminate USDT on five cryptocurrency networks. It was reported there Stubcoins pinned to the dollar leave Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand.
As reported on the occasion, users maintaining USDT on these networks had to redeem or migrate their tokens to another network. “This measure is part of our efforts to optimize resources and focus on networks with greater activity and community support,” he explained.
Now, Tether has reconsidered his position. Yes OK Tethers will stop issuing and redemption of USDTs on these networks and will not freeze existing tokens.
After comments from these decommissioned blockchain communities, a decision was made “according to the company itself.” “The company adds that this decision is in line with Tether’s broader strategy, which focuses on expanding support for ecosystems with the biggest developer activity, scalability and demand.”
Tether adds that “maintains our commitment to achieving a transition without any issues and will continue to work with the community to ensure transparency and clarity throughout this process.”