Particle.news
Download on the App Store
4 ARTICLES
·
2h ago

Tether Scraps Freeze, Sets Legacy Chains to “Unsupported” and Ends USDT Issuance

Prompted by community feedback after a usage review, the move lets Tether concentrate on higher‑demand networks.

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

Overview

  • Tether will stop direct issuance and redemption of USDT on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.
  • Tokens on these five networks remain transferable but are designated “unsupported,” with no official issuance or redemption by Tether.
  • The revision replaces a July plan to freeze tokens starting September 1, following pushback from affected user and developer communities.
  • Tether says usage and market data showed declining activity on the legacy chains, and CEO Paolo Ardoino cast the shift as a reallocation to more active, scalable networks.
  • Alongside the pullback, Tether is expanding to newer rails, including launching USDT on Bitcoin via the RGB protocol that uses client-side validation and leverages Lightning.