The cessation of support means that, starting from the indicated date, Tether will stop the redemption of USDT on these networks and freeze the lagging tokens. To mitigate the impact on users, the company urged USDT holders to act quickly.
“Tether clients holding USD₮ on Omni, Kusama, SLP, EOS, and Algorand must redeem their holdings as soon as possible or, if they wish, request the issuance of USD₮ on a supported blockchain, according to our Terms of Service,” the statement indicates. This recommendation highlights the need for users to take action before the deadline to avoid losses or complications.
This change will affect clients and users holding USDT on these networks, who will need to redeem or migrate their tokens to other supported chains. The measure is part of an effort to optimize resources and focus on networks with greater activity and community and development support, according to a statement from Tether.