Tether, the largest stablecoin issuer, is set totally to stop its services on five blockchain services, namely Omni, Algorand, Bitcoin Cash, EOS, and Kusama, by September 1. This move looks to eliminate all blockchains that have seen no community interest over time, consequently for which maintenance has also become inefficient.
Tether ceased minting on Omni, Bitcoin Cash, and Kusama on August 17, 2023, while it continues to allow token redemption and users to swap USDT across other chains.
As per the official announcement, USDT redemption on the five legacy layers will be discontinued effective September 1, 2025. And all remaining tokens on the layers will be frozen on the same deadline.
“As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it,” said Paolo Ardoino, CEO of Tether. “Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption.”
This is a difficult decision, especially for Omni, as it was the first transporter layer Tether used in 2024. The company said Omni faced many challenges due to lack of support of most popular tokens and other availability of competitors, leading to the decline in the use of USDT on Bitcoin using Omni Layer. The other four blockchains share the same fate.
This decision reflects Tether’s strategic pivot into expanding its support for Layer 2 networks and other emerging networks. Most especially networks with better operability, security, speed, as well as large amount of usage.
Tether customers holding USDT on Omni, Kusama, EOS, Algorand, and Bitcoin Cash SLP are urged to redeem their holdings at the earliest or request an issue of USDT on a supported blockchain. Non-Tether customers using the above network are also being asked to migrate their USDT to a supported network through available service providers.
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