Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s

Tether has announced it volition upwind down USDT connected 5 lesser-used blockchains aft usage connected those networks wanes.

Redemptions and token minting connected Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand are acceptable to halt connected Sept. 1, 2025. Remaining tokens are to beryllium frozen connected the aforesaid day, according to a statement.

Together, the 5 networks transportation lone a sliver of USDT’s astir $156 cardinal float. Tether says the usage of USDT connected these networks, which it touts arsenic playing a relation successful the firm’s aboriginal growth, has declined “significantly” implicit the past 2 years.

“Sunsetting enactment for these bequest chains allows america to absorption connected platforms that connection greater scalability, developer activity, and assemblage engagement — each cardinal components for driving the adjacent question of stablecoin adoption,” Tether CEO Paolo Ardoino said successful the statement.

The steadfast volition redirect its absorption to Layer 2 networks specified arsenic the Lightning Network and to newer blockchains that committedness faster colony and richer developer tooling.

Tether has asked its customers holding USDT connected the 5 networks to redeem their holdings arsenic soon arsenic imaginable oregon petition issuance of their tokens connected a supported blockchain. Token holders tin migrate their tokens done blockchain bridges oregon exchanges.

The lion’s stock of Tether’s $156 cardinal fiat is presently circulating connected Tron and Ethereum, which unneurotic marque up implicit 95% of the total. Solana is the lone different web with much than 1% of USDT’s proviso successful circulation, according to RWA.xyz data.