Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s
2025-07-12 15:58:16
Main Idea
Tether will discontinue USDT support on Omni, Bitcoin Cash, Kusama, EOS, and Algorand by September 1, 2025, due to declining usage, and will focus on Layer 2 networks and newer blockchains.
Key Points
1. Tether will stop issuing USDT on Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand starting September 1, 2025.
2. The decision is due to significantly declining usage of USDT on these networks, which now carry only a small fraction of Tether's $156 billion float.
3. Tether will redirect its resources to platforms like Layer 2 networks and newer blockchains to drive future stablecoin adoption.
4. The majority of USDT's circulation is currently on Tron and Ethereum, which together account for over 95% of the total supply.
5. Token holders can migrate their USDT from the discontinued networks to supported blockchains.
Description
Tether has announced it will wind down USDT on five lesser-used blockchains after usage on those networks wanes. Redemptions and token minting on Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand are set to stop on Sept. 1, 2025. Remaining tokens are to be frozen on the same day, according to a statement. Together, the five networks carry only a sliver of USDT’s roughly $156 billion float. Tether says the usage of USDT on these networks, which it touts as playing a rol...
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