Tether Reverses Decision to End Support for 5 Legacy Networks, Ensuring USDT Accessibility

Tether has halted minting and direct redemptions on Omni, BCH SLP, Kusama, EOS, and Algorand, but existing tokens balances remain unaffected. USDT will continue circulating on these networks, but liquidity and tooling may decline. Tether aims to concentrate support on networks with higher developer activity, better throughput, and stronger user demand. Holders should confirm if their exchange or custodian still supports the impacted chains and consider migrating USDT to a supported network through native withdrawal options or direct redemption.

Tether has announced a significant change in its strategy regarding the USDT stablecoin on several blockchains. The company has decided to halt minting and direct redemptions on Omni, BCH SLP, Kusama, EOS, and Algorand. This decision, while impacting the liquidity and tooling available on these networks, will not affect the existing token balances.

The initial plan was to end support for these chains by September 1, 2025. However, following feedback from the communities of these ecosystems, Tether has revised its approach. Users will still be able to transfer their USDT tokens across these blockchains, but the tokens will no longer be officially supported for direct issuance and redemption [1].

Tether's decision aligns with its broader strategy to focus on expanding support for crypto ecosystems with strong developer activity, scalability, and user demand. The company aims to concentrate its efforts on networks that demonstrate these qualities, such as Tron and Ethereum, which currently lead in USDT adoption [2].

The total market capitalization of Tether's USDT is currently around $167.4 billion, according to CoinGecko data. The stablecoin market, led by USDT and USDC, is expected to grow significantly in the coming years, with the US Department of the Treasury projecting a market cap of $2 trillion by 2028 [3].

Holders of USDT on the affected blockchains are advised to confirm if their exchange or custodian still supports these networks and consider migrating their USDT to a supported network through native withdrawal options or direct redemption.

References:

[1] https://cointelegraph.com/news/tether-drops-plan-to-end-usdt-on-five-chains
[2] https://www.mitrade.com/insights/news/live-news/article-3-1082324-20250830
[3] https://cointelegraph.com/news/tether-drops-plan-to-end-usdt-on-five-chains?utm_campaign=rss_partner_inbound&utm_medium=rss&utm_source=rss_feed