- Tether ends USDT support on five blockchains for better scalability.
- CEO Paolo Ardoino announced the change for adapting to ecosystem shifts.
- Error-free token redemption is possible until then.
Tether will stop supporting USD₮ on the Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains starting September 1, 2025, due to declining usage.
Tether’s Shift in Blockchain Support
Tether will officially end support for USD₮ on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand. This decision, starting in 2025, is due to low USDT circulation on these platforms over recent years.
CEO Paolo Ardoino of Tether stated the shift allows a focus on chains with more significant scalability and developer activity. The firm aims to reallocate resources to ensure optimal performance across preferred networks. “As the digital asset ecosystem evolves, Tether is committed to adapting. Ending support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement.” source
Impact on Liquidity and Operations
The decision impacts blockchain liquidity and operations, prompting users to migrate to networks like Ethereum and Tron. Both platforms have maintained higher USDT dominance and usage until now.
Financial and technical frameworks on affected blockchains need adjustments. Tether’s focus on developer engagement suggests enhanced collaborations on supported networks. No changes in funding or external grants are linked to this decision.
Guidance for Affected Stakeholders
Stakeholders, including developers and token holders, are advised to follow migration guidelines. The industry anticipates effects on decentralized applications currently reliant on these legacy chains.
Looking forward, Tether’s decision could influence future regulatory frameworks and blockchain usage patterns. Historical trends show past shifts led to migration towards Ethereum and Tron, offering new opportunities in those ecosystems.
