Tether Stops USDT Support for Bitcoin, Kusama and Bitcoin CashTether announced changes to its USDT issuance strategy, stopped supporting Bitcoin, Kusama, and Bitcoin Cash, and indicated possible future cooperation.
Tether, the issuer of the stablecoin USDT, has announced major changes to its support for various blockchains. Tether has discontinued support for USDT on the Bitcoin ( BTC ), Kusama ( KSM ) and Bitcoin Cash ( BCH ) platforms following an extensive evaluation for security, customer service, regulatory compliance, and overall oversight.
The company cited lack of traction as the main reason, saying that “when blockchains have not shown a significant increase in usage for a significant period of time, it becomes increasingly challenging to justify the necessary resources and oversight. It could even pose a potential security risk."
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奔跑财经·2023-08-18 03:36