Tether Announces Plan To Halt USDT Operations On These 5 Blockchains – Details
2025-07-12 21:49:18
Main Idea
Tether announces the discontinuation of USDT support on five legacy blockchains to focus on more scalable and active platforms, while also expanding its market cap to a new high.
Key Points
1. Tether will end USDT operations on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains due to declining usage and a shift in business strategy.
2. The company aims to focus on blockchains with greater scalability, developer activity, and community engagement, including Layer 2 solutions like the Lightning Network.
3. USDT's market cap reached a record $159.1 billion in Q3 2025, reinforcing its dominance in the stablecoin market.
4. Tether advises customers to redeem or transfer their USDT holdings from the affected blockchains to supported alternatives.
5. Omni Layer, the original protocol for USDT in 2014, has seen a significant drop in usage as attention shifts to Ethereum and Tron.
Description
Tether, the operator of the world’s largest stablecoin, has announced plans to disable USDT support on five legacy blockchains citing a shift in the company’s business strategy. This development comes as Tether aims to expand support for layer-2 blockchains which show high potential of adoption and ecosystem growth. Tether To End USDT Support On Omni Layer, Algorand, Others In a news post on July 11, Tether shared plans to scrap USDT operations of five blockchains namely – Omni Layer, Bitcoin Ca...
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