Engaging Title: “Tether’s Community-Focused Shift in Blockchain Support Strategy”

Jun 24, 2024

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Tether Shifts Focus to Community-Driven Blockchain Support


Tether, the issuer of USD₮ tokens, is redirecting its attention towards enhancing community-driven blockchain support, leading to the cessation of USD₮ minting on EOS and Algorand.


Tether is realigning its strategy to prioritize community interests in blockchain deployments, emphasizing security and usability in evaluating blockchain networks for USD₮ implementation.

Main Points

By focusing on security, usability, and community interest, Tether aims to allocate resources effectively for enhanced efficiency and innovation in the cryptocurrency landscape. The decision to stop minting USD₮ on EOS and Algorand aims for a smooth transition over the next 12 months.

On-chain data reveals minimal USDT holdings on Algorand and EOS, prompting Tether to encourage community-driven use cases on supported protocols. This shift reflects Tether’s commitment to sustainable benefits and community-driven decisions in blockchain integrations.


Tether’s strategic move to discontinue USD₮ minting on specific platforms underscores its dedication to adapting to the evolving blockchain ecosystem while ensuring a seamless transition for users. By empowering the community and focusing on sustainable financial systems, Tether reaffirms its commitment to innovation and inclusivity.