Tether, the company that stands behind the most valuable stablecoin in the market, USDT, has made a significant declaration. As per this announcement, the production of USDT on EOS and Algorand networks will come to a stop. The gradual termination of USDT’s existence on these two networks will take place, as USDT is tied to the value of the US dollar. The official statement offers a one-year window for the conversion of tokens, in addition to the suspension of new USDT issuance. Visit NEWSLINKER to stay updated on the latest technology news.
