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

Tether has introduced it can wind down USDT on 5 lesser-used blockchains after utilization on these networks wanes.

Redemptions and token minting on Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand are set to cease on Sept. 1, 2025. Remaining tokens are to be frozen on the identical day, in accordance to a assertion.

Together, the 5 networks carry solely a sliver of USDT’s roughly $156 billion float. Tether says the utilization of USDT on these networks, which it touts as enjoying a job within the agency’s early development, has declined “significantly” over the previous two years.

“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,” Tether CEO Paolo Ardoino stated within the assertion.

The agency will redirect its focus to Layer 2 networks such as the Lightning Network and to newer blockchains that promise sooner settlement and richer developer tooling.

Tether has requested its prospects holding USDT on the 5 networks to redeem their holdings as quickly as potential or request issuance of their tokens on a supported blockchain. Token holders can migrate their tokens by way of blockchain bridges or exchanges.

The lion’s share of Tether’s $156 billion fiat is at present circulating on Tron and Ethereum, which collectively make up over 95% of the whole. Solana is the one different community with greater than 1% of USDT’s provide in circulation, in accordance to RWA.xyz knowledge.