This decision reveals both Tether’s vision for the future of the stable currency and the changes in blockchain preferences in the cryptocurrency market.

According to Tether’s announcement, while the company has stopped minting USDT on the Eos and Algorand blockchains, it will continue to buy back USDT in circulation on these networks “as usual” for the next 12 months. The main reason behind this decision is shown to be to ensure balance in the Tether ecosystem. The company states that it carefully evaluates the security architecture of the network to guarantee the security, usability and sustainability of the blockchains it chooses.

Tether emphasizes that its ultimate goal is to increase security and efficiency by using resources with the highest efficiency while encouraging innovation. This statement reveals that the company is prioritizing efficiency not only in its blockchain choices but also in its strategy for the future of USDT.

Tether emphasizes that it also prioritizes user experience and assures that this transition will be carried out “meticulously and with minimal disruption.” This statement of the company aims to reassure existing investors and USDT users.

So why is Tether leaving well-known blockchains like Eos and Algorand? The answer may lie in USDT’s circulation statistics. According to Tether transparency data, USDT supply on Eos and Algorand makes up a fairly small portion of the total USDT supply. This may suggest that Tether’s transaction volume is low on these networks and the benefit these blockchains offer to the USDT ecosystem is limited.

This move by Tether may also reflect the change in blockchain preferences in the cryptocurrency market. Ethereum faces high transaction fees and scalability issues. This is increasing the popularity of alternative blockchains that offer faster and cheaper transactions. Tether’s recent start of printing USDT on the TON blockchain indicates a change in strategy in this direction. TON is known as a blockchain network that stands out with its fast transaction speed and low fees. Tether’s move towards TON may be aimed at making USDT transfers more accessible by reducing the company’s transaction fees.

Blockchains like Eos and Algorand, where Tether has stopped minting USDT, appear to contribute less to the USDT ecosystem in terms of transaction volume and usage. With this move, Tether may be aiming to use its resources more efficiently and accelerate USDT transfers.

Its focus on new and developing blockchains such as TON shows that the company will pay more attention to issues such as scalability and transaction fees in the future. This decision can be considered as part of the effort to adapt to the dynamic structure of the cryptocurrency market. USDT’s future journey will depend on how Tether goes about its blockchain choices.