Tether Halts Plan to Freeze USDT on Five Blockchains

Stablecoin issuer Tether has announced a change in its plans regarding the issuance of USDT (Tether) on five blockchains. The company will pause its previous initiative to freeze USDT smart contracts on these networks, instead allowing for token transfer but preventing further issuance and redemption on them. This decision comes after receiving feedback from the communities of these specific blockchain ecosystems.