Help for Omni, Bitcoin Money SLP, Kusama, EOS, and Algorand will likely be suspended on September 1, 2025
July 11, 2025 – Tether, the biggest firm within the digital asset ecosystem, as we speak introduced an replace on its plans to halt USD redemption and freeze the remaining tokens on 5 legacy blockchains. A blockchain that was actively developed to realize excessive output.
Tether's determination follows a complete evaluation of blockchain utilization information, market demand, and suggestions from group stakeholders and infrastructure companions. These networks performed a basic function within the early development of tethers, however the quantity of US {dollars} circulating them has dropped considerably over the previous two years.
“Because the digital asset ecosystem evolves, Tether is dedicated to adapting in keeping with it.” Tether CEO Paolo Aldoino mentioned. “With these legacy chains' sundown assist, we will give attention to platforms that enhance scalability, developer exercise and group engagement.
This determination displays the strategic pivot of tethers to develop assist for layer 2 networks (reminiscent of lightning networks) and different rising blockchains that enhance interoperability, pace, and ecosystem development. By reallocating assets from underutilized blockchains, Tether is doubling with platforms which might be suited to the worldwide person base.
Clients who personal Omni, Kusama, SLP, EOS and Algorand USD should both reimburse their holdings as quickly as potential or, if needed, request the issuance of USD on a supported blockchain in accordance with our phrases of service. Non-Buyer Holders could try to migrate USD Holdings to a blockchain supported via obtainable service suppliers in accordance with the phrases of those suppliers.
Tether continues to discover collaboration and integration with the modern blockchain ecosystem, increasing the accessibility and utility of USD. This consists of increasing assist for scalable layer 2 networks and defi-native chains, the place person exercise and developer engagement are sturdy.
For extra info and ongoing updates, please go to https://tether.io/.
