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 and Reelly Tech Announce Strategic Collaboration to Revolutionize Real Estate Transactions in the UAE

6 February 2025 — Tether Operations Limited, the largest company in the digital asset industry, has signed a groundbreaking Memorandum of Understanding (MoU) with Reelly Tech, one of the leading real estate B2B platforms in the UAE. This marks a significant advancement in the evolution of real estate technology, setting the stage for future innovation […]

Learn more
Tether’s Plan ₿ Forum El Salvador Concludes with a Sold-Out Crowd and Key Bitcoin Discussions

5 February 2025 – Plan ₿, an initiative founded in collaboration with Tether to promote the use of Bitcoin and blockchain technology, proudly concluded the first Plan ₿ Forum El Salvador on 30 – 31 January 2025, marking a significant milestone in its mission to advance Bitcoin adoption. The sold-out event, taking place in Tether’s […]

Learn more
Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation

31st January 2025: Today, Tether Holdings Limited released its assurance opinion for the fourth quarter of 2024, conducted by BDO, a leading global independent accounting firm. The most recent attestation reaffirms the accuracy of Tether’s Consolidated Reserves Report (CRR) and provides a detailed breakdown of the assets held as reserves for the issued tokens as […]

Learn more
Read all news