Tether to sunset USDT on Omni and others in tactical network purge

Key Points

1. Tether announced on July 11 it will end USDT support for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand, freezing remaining tokens by September 1.

2. The move aims to streamline Tether's multi-chain footprint by focusing on networks with stronger adoption and scalability.

3. Omni, the original home of USDT, processed over $7 million worth of transactions, while EOS once had over 30 million monthly users.

4. Tether is prioritizing Layer 2 networks like Lightning and continues to issue USDT on high-volume chains such as Solana, Polkadot, Avalanche, and TON.

5. The decision forces affected ecosystems to migrate liquidity, lobby for alternative stablecoins, or prove their relevance before the September deadline.