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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Tether has reversed its controversial plan to freeze USDT tokens on several older blockchain networks. Instead, the stablecoin issuer will classify these chains as ‘unsupported’ while allowing users to continue transferring existing tokens. The decision follows significant community pushback against the original freeze proposal.
- Tether reversed its freeze plan after community backlash, allowing token transfers but stopping new issuance/redemptions on legacy chains
- The affected networks include Bitcoin Cash, Kusama, EOS, and Algorand, which represent negligible USDT volume compared to Ethereum and Tron
- The decision aligns with Tether's simultaneous announcement of plans to issue native USDT on Bitcoin using the RGB protocol
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