Tether dominates with a 62% market share and commensurate revenue, with USDT and Circle’s USDC accounting for 83% of ...

The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.

Tether has decided to suspend USDT redemption on five blockchains. This includes Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

The bottom line is that the more stablecoins are issued, the more Treasury bills are needed. Circle Internet Group, which ...

Stablecoin issuer Tether is ending support for USDT on five "legacy" blockchains after previously halting minting on those ...

Tether is discontinuing USDt on five legacy blockchains, the company announced on July 11, which may decrease stablecoin utility and liquidity in those ecosystems.

Tether will end USD₮ tether blockchain support for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand by September 2025.

If Congress passes the GENIUS Act, banks will be allowed to issue their own cryptocurrency, as long as it’s tied to a stable ...

Tether, Inc. will end support for USDT tokens on five legacy chains. The tokens will be frozen as of September 1, as Tether ...

Tether moves $8B in gold to its Swiss vault, boosting trust in USDT. The Tether gold vault aims to cut fees and improve ...

With these reserves, users expect to be able to exchange their stablecoins for dollars or other backing assets at any time.