Tether revises wind-down strategy for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand

Key Takeaways

Tether will discontinue direct USDT issuance and redemption on Omni Layer, Bitcoin Money SLP, Kusama, EOS, and Algorand.
The revised plan permits continued token transfers however removes official help and future redemptions on these blockchains.

Tether has determined that it’ll now not freeze good contracts on Omni Layer, Bitcoin Money SLP, Kusama, EOS, and Algorand after receiving suggestions from the affected blockchain communities, in response to a Friday assertion.

The corporate will discontinue direct issuance and redemption providers on the 5 legacy networks. Customers can proceed to switch tokens between wallets on these networks, however the tokens will now not obtain official help like different Tether tokens.

The replace modifies Tether’s July 2025 announcement, which deliberate to utterly stop redemptions and freeze USDT tokens on the 5 blockchains beginning September 1, 2025.

“Tether’s resolution follows a complete assessment of blockchain utilization information, market demand, and suggestions from group stakeholders and infrastructure companions. Whereas these networks performed a foundational function in Tether’s early development, the amount of USDT circulating on them has declined considerably over the previous two years,” Tether said within the July announcement.

Tether CEO Paolo Ardoino mentioned on the time that the corporate wished to remain related and environment friendly because the business continued to alter and develop. He famous that ending help for these blockchains would permit Tether to focus its sources on extra lively, scalable, and broadly used networks.

Tether is increasing help for layer 2 networks, together with the Lightning Community, and different rising blockchains providing improved interoperability and pace.

On Thursday, the corporate mentioned it might launch USDT on the RGB Protocol, enhancing the Bitcoin ecosystem with personal, scalable, and versatile good contracts.

The transfer, following RGB’s debut on the Bitcoin mainnet, which helps varied tokenized belongings and leverages the Lightning Community, marks USDT as the primary main token to make use of RGB’s client-side validation for enhanced privateness and environment friendly transactions.