- Tether halts support for five blockchains, impacting market dynamics.
- No new issuance for unsupported tokens.
- Focus shifts to Ethereum and Tron ecosystems.
Tether will discontinue support for USDT on Omni, BCH SLP, Kusama, EOS, and Algorand from September 1, 2025, focusing on platforms like Ethereum and Tron. Users can transfer existing tokens, but issuance and redemption will cease.
Tether announced it will discontinue official support for USDT on Omni, BCH SLP, Kusama, EOS, and Algorand starting September 1, 2025.
Tether’s decision to end support for these chains impacts market liquidity, marking a focus on scalable and developer-rich ecosystems like Ethereum and Tron.
The decision to cease USDT support on Omni, BCH SLP, Kusama, EOS, and Algorand comes after Tether identified a need to prioritize scalable ecosystems. Paolo Ardoino, Tether CEO, explained the focus on platforms with greater developer activity. The change allows Tether to maintain transfer abilities but not issuances on these chains. As Paolo Ardoino stated:
Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement.
Immediate effects are expected on liquidity, as tokens on the discontinued chains will become unsupported with no new issuance. Financial shifts may see liquidity migration to Ethereum and Tron, increasing their activity in the market. Current USDT tokens on affected chains will likely face reduced trading volumes and isolated liquidity.
The broader implications include a strategic allocation towards more active ecosystems. Historical precedents indicate that unsupported tokens can face sharp declines in liquidity, evident from previous transitions. As Tether reallocates resources, it highlights a potential shift in market dynamics favoring supported networks. Existing users may witness a change in traction for unsupported blockchains starting from the specified date, with expected interest and activity migrations.
Economic outcomes could vary, with financial trends suggesting enhanced opportunities on Ethereum and Tron. The discontinued support links directly to scaling challenges present in affected chains, leveraging historical patterns of blockchain support shifts.
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Key Takeaways: What factors drive cryptocurrency market movements?How do regulatory announcements affect digital asset prices?What should investors consider before entering crypto markets?Are there risks specific to digital asset investments?How can investors stay informed about market developments? Coinlineup Editorial TeamThis article was prepared and reviewed by the Coinlineup editorial team using public market data, blockchain sources, and industry reports to ensure transparent coverage of cryptocurrency markets. Investment DisclaimerThe information on Coinlineup is provided for informational and educational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile and involve significant risk. Readers should conduct their own research (DYOR) and consult a qualified financial advisor before making investment decisions. Content Disclaimer · Terms · Privacy · Affiliate
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