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Tether has announced it will discontinue USDT redemptions and issuance on five older blockchains by September 1, 2025. The move aims to streamline operations and focus on more scalable networks. Users must transfer their USDT to supported chains to avoid frozen assets.
- Tether will freeze USDT on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand by September 2025.
- The company will focus on Layer 2 solutions and scalable blockchains for future growth.
- Users must transfer USDT to supported chains before the deadline to avoid frozen assets.
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