Tether, the firm responsible for the most valuable stablecoin in the market, USDT, has made a significant declaration. As per the announcement, the production of USDT on EOS and Algorand will be stopped. The lifespan of USDT, which is tied to the US dollar, will gradually come to a close on these two networks. The official statement offers a 12-month timeframe for converting tokens, in addition to ceasing the creation of new USDT. Stay updated with the latest technology news by accessing NEWSLINKER.
