Tether to End USDT Support on These 5 Blockchains
2025-07-12 20:20:44
Main Idea
Tether will discontinue USDT support on five blockchains (Omni Layer, Bitcoin Cash SLP, Algorand, Kusama, and EOS) due to low usage, while reallocating resources to scalable networks and expanding its business beyond stablecoins.
Key Points
1. Tether is ending USDT support on Omni Layer, Bitcoin Cash SLP, Algorand, Kusama, and EOS by September 1, freezing remaining tokens on these chains.
2. The decision is based on declining USDT volume and usage trends on these blockchains over the past two years.
3. Tether plans to focus on scalable networks, particularly layer-2 and DeFi-native chains, reallocating resources from underutilized platforms.
4. The company aims to expand its business beyond stablecoins, including ambitions to become the world's largest Bitcoin miner by year-end.
5. Tether's CEO emphasized the importance of aligning resources with networks that drive stablecoin adoption.
Description
In an attempt to double down on platforms that better serve its user base, the largest stablecoin issuer, Tether, has decided to wind down support for its flagship product, USDT, on five blockchains. According to a blog post by the company, the blockchains to be affected include Omni Layer, Bitcoin Cash Simple Ledger Protocol (SLP), Algorand, Kusama, and EOS. Tether to Wind Down USDT Support Omni Layer is a Bitcoin-based software protocol, while Algorand, Kusama, and EOS are Proof-of-Stake layer...
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