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Tether, the largest stablecoin issuer, is discontinuing USDT support on five blockchains, including Omni Layer and Algorand, to focus on more scalable networks. The move aims to optimize resources and align with evolving market trends. Users must redeem or migrate their USDT holdings by September 1.
- Tether will discontinue USDT support on Omni Layer, Bitcoin Cash SLP, Algorand, Kusama, and EOS by September 1.
- The decision is based on low usage, market demand, and a shift toward scalable, developer-friendly blockchains.
- Users must redeem or migrate USDT holdings, while Tether explores expansion into Bitcoin mining and DeFi-native chains.
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