Omni, Bitcoin Money SLP, Kusama, EOS, and Algorand Assist to Stop on September 1, 2025
11 July, 2025 — Tether, the most important firm within the digital asset ecosystem, right this moment introduced an replace on its plan to discontinue USD₮ redemptions and freeze remaining tokens on 5 legacy blockchains — Omni Layer, Bitcoin Money SLP, Kusama, EOS, and Algorand — efficient September 1, 2025. The transfer is a part of a broader effort to optimize infrastructure, align with neighborhood utilization traits, and refocus assets towards high-utility, actively developed blockchains.
Tether’s determination follows a complete evaluate of blockchain utilization knowledge, market demand, and suggestions from neighborhood stakeholders and infrastructure companions. Whereas these networks performed a foundational function in Tether’s early development, the amount of USD₮ circulating on them has declined considerably over the previous two years.
“Because the digital asset ecosystem evolves, Tether stays dedicated to adapting alongside it,” mentioned Paolo Ardoino, CEO of Tether. “Sunsetting help for these legacy chains permits us to deal with platforms that supply larger scalability, developer exercise, and neighborhood engagement — all key parts for driving the following wave of stablecoin adoption.”
The choice displays Tether’s strategic pivot towards increasing help for Layer 2 networks (e.g., Lightning Community) and different rising blockchains that supply improved interoperability, pace, and ecosystem development. By reallocating assets from underutilized blockchains, Tether is doubling down on platforms that higher serve its international consumer base.
Tether prospects holding USD₮ on Omni, Kusama, SLP, EOS, and Algorand ought to redeem their holdings as quickly as doable or, if desired, request an issuance of USD₮ on a supported blockchain, in accordance with our Phrases of Service. Holders who are usually not prospects could search emigrate their USD₮ holdings to a supported blockchain by means of an accessible service supplier in accordance with the phrases of these suppliers.
Tether continues to discover collaborations and integrations with progressive blockchain ecosystems to broaden the accessibility and utility of USD₮. This contains increasing help for scalable Layer 2 networks and DeFi-native chains the place consumer exercise and developer engagement are sturdy.
For extra info and ongoing updates, go to: https://tether.io/
