(MENAFN - CryptoBreaking) Tether, the largest stablecoin by market capitalization, has announced a change in its plans to phase out USDT support across multiple blockchain networks. Initially, ... .
Based on recent figures, USDT dominance dropped to nearly 60% on August 29. It is the weakest hold Tether has had since March 2023 ...Rising Competitors Make Inroads ... Tether’s market share loss isn’t merely about competitors.
Stablecoin issuer Tether has announced that it will halt its previous plans to freeze USDT on five blockchains ... The revised plan is expected to affect chains like OmniLayer, Algorand, EOS, Bitcoin CashSLP, Kusama, Tether said.
Tether is making a change to how it handles USDT on some of the older blockchains it once supported ... What’s ending is the ability to mint new tokens or redeem them directly with Tether ... At the same time, Tether is expanding its reach.
Tether, the company behind the world’s largest stablecoin USDT, has discarded its plans to completely sunset USDT operations on five blockchains—OmniLayer, Bitcoin CashSLP, Kusama, EOS, and Algorand ... What Did Tether Change In Its Plan?.
Tether has confirmed that its USDT stablecoin, worth over 167 billion dollars, is finally launching natively on Bitcoin ... Tether to launch USDT on Bitcoin via RGB ... Tether already has ... Tether’s Big Picture.
Tether abandoned plans to freeze its dollar-pegged USDT tokens on several older blockchains and is choosing instead to classify them as “unsupported,” according to an Aug ... In June, Tether had outlined a transition that would begin Sept.