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7h ago

Tether Drops Freeze Plan for Legacy Chains, Labels USDT on Five Networks 'Unsupported'

Tokens on Omni, BCH SLP, Kusama, EOS, Algorand now carry an unsupported label following community feedback.

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

  • Tether will no longer issue or redeem USDT on the five legacy blockchains, though wallet-to-wallet transfers will continue.
  • The revision reverses a July plan to freeze contracts starting September 1, preventing a lockup of on-chain balances.
  • The company is reallocating resources to higher-demand networks such as Ethereum, Tron and emerging layer-2 ecosystems.
  • Tether confirmed plans for a native USDT deployment on Bitcoin via the RGB protocol, reducing reliance on bridges.
  • Balances on the affected chains are small compared with USDT on major networks, with roughly $83 million on Omni, about $4 million on EOS and under $1 million on each remaining chain, and users can migrate via exchanges or cross-chain tools.