Tether Reshapes its Strategy: Abandoning Smart Contract Issuance on Specific Blockchains

Stablecoin issuer Tether announced a significant shift in its blockchain strategy, abandoning the plan to freeze USDT smart contracts on five networks. While token transfers will remain possible, new USDT token issuance and redemption will cease. This move signals a strategic re-evaluation of Tether’s focus and commitment to specific blockchain platforms.