Tether, issuer of USDT, the world’s largest stablecoin, has halted Bitcoin mining operations in Uruguay because of rising energy costs.
“We can confirm that we have paused operations in Uruguay,” a Tether spokesperson told Cointelegraph on Friday, adding that the company remains committed to its long-term projects in Latin America.
The confirmation came weeks after Tether denied reports that it planned to exit the country following a $4.8 million debt dispute with a state-owned…
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