#Stablecoin Giant Streamlines Operations, Drops Support for Algorand, Omni, and Others
In a strategic move to optimize its operations, Tether—the issuer of the world’s largest stablecoin, USDT—has announced it will discontinue support for five blockchain networks:
◽ Algorand (ALGO)
◽ EOS (EOS)
◽ Kusama (KSM)
◽ Omni Layer
Starting September 1, 2025, users will no longer be able to redeem USDT on these chains, and remaining tokens will be frozen.
Why Is Tether Making This Change?
Tether CEO Paolo Ardoino explained the decision, stating:
"By sunsetting these legacy chains, we can concentrate on platforms that offer scalability, active developer ecosystems, and strong community engagement—critical factors for the future of stablecoin adoption."
The company had already halted new USDT minting on Bitcoin Cash, Kusama, and Omni in 2023 due to low usage and technical inefficiencies. Now, redemptions will also cease, marking the end of an era—especially for Omni, which was USDT’s original blockchain when it launched in 2014.
A Look at the Impacted Chains:
🔹 Omni Layer: Once the backbone of USDT, now only $82M remains in circulation from an original $888M issuance.
🔹 Bitcoin Cash (BCH): Just under $1M left in circulation from $5M issued.
🔹 Kusama (KSM): Less than $250K remains from **$3.5M issued.
🔹 EOS: Only $5M circulating out of $85M issued.
🔹 Algorand (ALGO): The smallest footprint, with $841K still in circulation.
Where Is Tether Focusing Now?
Tether is prioritizing high-performance networks, including:
🔹 Ethereum (ETH) – $74B in USDT issued
🔹 Tron (TRX) – $81B in USDT issued
🔹 Bitcoin’s Lightning Network(for fast, low-cost transactions)
The company is also adapting to new regulations, including the EU’s MiCA framework, which has led some exchanges to delist USDT in Europe. Meanwhile, U.S. lawmakers are advancing a stablecoin bill, adding further pressure for compliance.
What Should Affected Users Do?
Tether advises holders of USDT on these chains to:
1. Redeem their tokens before September 1.
2. Migrate to a supported blockchain (like Ethereum or Tron) if they wish to continue using USDT.
Final Thoughts:
This move highlights the evolving nature of blockchain adoption, with Tether consolidating its presence on networks that offer scalability, liquidity, and regulatory alignment. While some communities may see this as a setback, it underscores the competitive nature of blockchain infrastructure—only the most efficient and widely used platforms will thrive.
Will other stablecoins follow suit? Stay tuned for more updates.
DYOR No Financial advice!