Tether Reverses Course: No USDT Freeze on Five Blockchains After Community Feedback

preview image

Stablecoin giant Tether has decided against freezing its USDT smart contracts on five blockchains, including Omni Layer, Bitcoin Cash SLP, Kusama, Vaulta, and Algorand. This reversal comes after the company received significant feedback from the affected ecosystems. While USDT will remain transferable on these networks, Tether will cease direct issuance and redemption, effectively discontinuing official support.

Read more

Comments

Post a Comment

Popular posts from this blog

BitMEX Exposes Lazarus Group's Cyber Security Vulnerabilities

Image
BitMEX's security team has exposed significant operational security vulnerabilities within the Lazarus Group, a North Korean state-sponsored cybercrime organization. Their counter-operations probe revealed critical lapses, including exposed IP addresses, database access, and tracking algorithms, offering unprecedented insight into the group's methods and structure. Read more
Read more