August 29, 2025 – Tetherthe biggest firm within the digital asset ecosystem, right this moment introduced an replace to its migration plans for 5 legacy blockchains: OmniTier, Bitcoin Money SLP, Kusama, EOS and Algorand.
Greater than a yr in the past, in July 2024, Tether introduced plans to halt redemption of those legacy blockchains from September 1, 2025 and to curb help by freezing US greenback tokens.
Following suggestions from these discontinued blockchain communities, Tether revised this strategy, It gained't freeze Good contracts on these networks.
Customers can nonetheless switch tokens between wallets, Tether will stop direct issuance and redemption of those blockchains. Because of this tokens will now not be formally supported as different tether tokens.
This determination coincides with Tether's broader technique. It focuses on increasing help for ecosystems with essentially the most highly effective developer exercise, scalability and consumer demand.
Tether is dedicated to a easy transition and can proceed to have interaction with the neighborhood to make sure transparency and readability all through this course of.
For different updates please go to https://tether.io
