The issuer of stablecoin will discontinue its Omni Layer model, citing a scarcity of curiosity from customers. This Bitcoin model of Tether (USDT) was one of many first stablecoins ever created. The (BCH) and Kusama (KSM) variations may also be discontinued, in keeping with an Aug. 17 announcement from the staff.
In line with the announcement, no new Tether tokens might be issued on the Bitcoin Omni Layer, Kusama or Bitcoin Money going ahead. Redemptions will stay accessible for no less than a 12 months, and the corporate will concern additional bulletins earlier than the 12 months passes as to the way it will deal with redemptions after that time.
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