Finance
Print
Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain Support

At Tether, we are deeply committed to maintaining a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. To uphold this commitment, we constantly assess current transport layers, striving to strike a balance between maintainability, usage, and community interest.

Community interest plays a pivotal role when we bring USD₮ to specific blockchains. We carefully evaluate the network’s security architecture to ensure the safety, usability, and sustainability of the chosen blockchain. Our goal is to allocate resources where they can best enhance security and efficiency while continuing to support innovation across the crypto landscape.

After thorough consideration, Tether will discontinue support for the EOS and Algorand implementations.

We will continue to support the protocols and chains that the community finds useful and encourage the community to expand the use cases of USD₮ on every protocol.

The transition will proceed as follows:

  • Tether will stop minting USD₮ on EOS and Algorand starting today, June 24, 2024.
  • Tether will continue to redeem USD₮ on EOS and Algorand as usual for the next 12 months. Further changes may be evaluated and announced around that time.

We assure our community that this transition will be executed meticulously and with minimal disruption. Our top priority remains delivering a seamless user experience, and we are committed to facilitating a hassle-free transition. We sincerely appreciate your continued support and trust in Tether. Together, we are paving the way for a more sustainable and democratized financial system for the entire world.



Updated: 9 July 2024

latest news

Tether Announces QVAC, Its Upcoming Development Platform for Infinite and Ubiquitous Intelligence – Deploying and Evolving AI Agents on User Devices, Not Big Tech Data Centers

14 May, 2025 – Tether, the largest company in the digital asset industry, today announced its upcoming QVAC (QuantumVerse Automatic Computer), a development platform for Infinite Intelligence, designed for humans and machines alike, that enables highly scalable AI applications and agents to run directly on local devices without dependence on centralized services, cloud infrastructure, thereby […]

Learn more
Tether Gold (XAU₮) Launches on Maxbit, Introducing Tokenized Gold to Thailand’s Digital Asset Market

13 May, 2025 — Tether, the largest company in the digital asset industry, is pleased to announce the official listing of Tether Gold (XAU₮) on Maxbit, a digital asset exchange based in Thailand. Maxbit will become the first exchange in Thailand to offer access to Tether Gold, a tokenized gold product backed 100% by physical […]

Learn more
Tether Awards Another $100,000 Grant to BTCPay Server Foundation, Reaffirming Its Commitment to Free and Open Source Software Development

8 May, 2025 – Tether, the largest company in the digital asset industry, has reinforced its commitment to the Free and Open Source Software (FOSS) movement with another $100,000 grant to the BTCPay Server Foundation. This marks the second consecutive year Tether has extended direct support to the Foundation, reaffirming its strategic mission to champion […]

Learn more
Read all news