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Tether is discontinuing USDT redemptions on five legacy blockchains, including Omni Layer and EOS, starting September 1. The move aligns with the company’s strategy to focus on more scalable and active platforms.
- Tether will stop USDT redemptions on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand from September 1.
- The decision follows earlier halts in USDT issuance on some of these chains in 2023 and 2024.
- Tether aims to prioritize blockchains with better scalability and developer activity.
📎 Related coverage from: cointelegraph.com