Tether Backtracks Amid Regulatory And User Pressure

Tether, undisputed giant of stablecoins, backtracks on a decision that shook the crypto ecosystem in July. While it planned to end support for USDT on five historic blockchains, the issuer ultimately grants an unexpected reprieve to its users. Why this reversal, and what does it reveal about Tether's strategy in the face of regulatory challenges and competition?

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