{"id":235943,"date":"2024-06-24T21:15:11","date_gmt":"2024-06-24T21:15:11","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/24\/tether-usdt-shifts-focus-to-community-driven-blockchain-support\/"},"modified":"2025-06-25T17:16:18","modified_gmt":"2025-06-25T17:16:18","slug":"tether-usdt-shifts-focus-to-community-driven-blockchain-support","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/06\/24\/tether-usdt-shifts-focus-to-community-driven-blockchain-support\/","title":{"rendered":"Tether (USDT) Shifts Focus to Community-Driven Blockchain Support"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<figure class=\"figure mt-2\">&#13;<br \/>\n                        <a href=\"https:\/\/image.blockchain.news:443\/features\/A5959545D505D533D62F119A07260576900A5622682D9EC1FF708564BF1BC845.jpg\">&#13;<br \/>\n                            <img decoding=\"async\" class=\"rounded\" src=\"https:\/\/image.blockchain.news:443\/features\/A5959545D505D533D62F119A07260576900A5622682D9EC1FF708564BF1BC845.jpg\" alt=\"Tether (USDT) Shifts Focus to Community-Driven Blockchain Support\"\/>&#13;<br \/>\n&#13;<br \/>\n                        <\/a>&#13;<br \/>\n                    <\/figure>\n<p>Tether, the issuer of the widely-used stablecoin USD\u20ae (USDT), has announced a strategic transition to prioritize community-driven blockchain support. According to <a rel=\"nofollow\" href=\"https:\/\/tether.io\/news\/tether-announces-strategic-transition-to-prioritize-community-driven-blockchain-support\/\">tether.io<\/a>, the company will discontinue support for the EOS and Algorand implementations.<\/p>\n<h2>Assessing Transport Layers<\/h2>\n<p>In a bid to maintain a robust and innovative blockchain ecosystem, Tether continually evaluates current transport layers. The company aims to balance maintainability, usage, and community interest in its blockchain selections. A critical part of this evaluation involves assessing the security architecture of potential networks to ensure safety, usability, and sustainability.<\/p>\n<h2>Community-Centric Approach<\/h2>\n<p>Community interest is a pivotal factor for Tether when deciding to bring USD\u20ae to specific blockchains. The firm aims to allocate resources to enhance security and efficiency while fostering innovation across the cryptocurrency landscape. Tether encourages the community to expand the use cases of USD\u20ae on every supported protocol.<\/p>\n<h2>Discontinuation of EOS and Algorand<\/h2>\n<p>After thorough consideration, Tether will cease minting USD\u20ae on EOS and Algorand starting from June 24, 2024. However, the company will continue to redeem USD\u20ae on these platforms for the next 12 months. Further changes may be evaluated and announced around that time.<\/p>\n<h2>Transition Plan<\/h2>\n<p>Tether assures its community that the transition will be executed meticulously to minimize disruption. The company\u2019s primary focus remains on delivering a seamless user experience. Tether expresses gratitude for the continued support and trust from its community, emphasizing that this transition is a step toward a more sustainable and democratized financial system.<\/p>\n<p>As the cryptocurrency landscape evolves, Tether&#8217;s strategic shift underscores the importance of community-driven innovation and support in maintaining a secure and efficient blockchain ecosystem.<\/p>\n<p><span><i>Image source: Shutterstock<\/i><\/span>                    <!-- Divider --><\/p>\n<p>                    <!-- Divider --><\/p>\n<p>                    <!-- Author info START --><br \/>\n                    <!-- Author info END --><br \/>\n                    <!-- Divider -->\n                <\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/blockchain.news\/news\/tether-usdt-shifts-focus-to-community-driven-blockchain-support\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; &#13; &#13; Tether, the issuer of the widely-used stablecoin USD\u20ae (USDT), has announced a strategic transition to prioritize community-driven blockchain support.<\/p>\n","protected":false},"author":1,"featured_media":235944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[171],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/235943"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=235943"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/235943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/235944"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=235943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=235943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=235943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}