Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025

Tether,
the
issuer
of
the
widely
used
stablecoin
USD₮
(USDT),
has
announced
a
strategic
shift
in
its
blockchain
support
strategy.
According
to

tether.io,
the
company
will
discontinue
support
for
USD₮
and
EUR₮
on
the
Omni,
Kusama,
SLP,
EOS,
and
Algorand
blockchains
by
September
1,
2025.

Community-Driven
Decisions

Tether
emphasizes
that
community
input
plays
a
crucial
role
in
its
decision-making
process.
The
company
evaluates
several
factors,
including
network
security,
customer
support,
regulatory
compliance,
and
oversight,
to
ensure
user
safety
and
sustainability.
This
strategic
shift
aims
to
allocate
resources
to
enhance
security
and
efficiency
while
supporting
innovation
across
the
cryptocurrency
landscape.

Previous
Announcements

Last
year,
Tether
announced
the
discontinuation
of
stablecoin
support
for
the
Omni,
Kusama,
and
SLP
implementations.
Earlier
this
year,
the
company
extended
this
decision
to
include
the
EOS
and
Algorand
blockchains.
The
latest
update
provides
detailed
steps
for
discontinuing
support
for
USD₮
and
EUR₮
on
these
blockchains.

Key
Dates
and
Actions

• Starting
  on
  September
  1,
  2025,
  Tether
  will
  no
  longer
  accept
  redemptions
  of
  USD₮
  or
  EUR₮
  on
  Omni,
  Kusama,
  SLP,
  EOS,
  and
  Algorand.
• On
  the
  same
  date,
  Tether
  will
  freeze
  all
  remaining
  USD₮
  and
  EUR₮
  on
  these
  blockchains.

Tether
customers
holding
USD₮
and
EUR₮
on
these
blockchains
are
advised
to
redeem
their
holdings
as
soon
as
possible.
Alternatively,
they
can
request
issuance
of
these
stablecoins
on
a
supported
blockchain,
in
accordance
with
Tether’s

Terms
of
Service.
Non-customers
may
seek
to
migrate
their
holdings
to
a
supported
blockchain
through
an
available
service
provider.

Future
Implications

This
move
underscores
Tether’s
commitment
to
fostering
a
robust
and
innovative
blockchain
ecosystem.
By
prioritizing
community
preferences
and
focusing
on
security
and
efficiency,
Tether
aims
to
pave
the
way
for
a
more
sustainable
and
democratized
financial
system.
The
company’s
decision
to
discontinue
support
for
certain
blockchains
highlights
the
dynamic
nature
of
the
cryptocurrency
industry
and
the
importance
of
adaptability
in
maintaining
a
secure
and
efficient
ecosystem.

For
further
information,
please
refer
to
the
official
announcement
on

tether.io.

Image
source:
Shutterstock