[Stablecoin Pulse] 📌 Tether Drops USDT on 5 Legacy Blockchains! 🚨
(Sources: CoinTelegraph, CryptoSlate)
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Tether will halt USDT support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand starting Sept 1, 2025. Tokens on these chains will be frozen, with no further issuance or redemptions.
🔍 What’s Happening:
- Tether’s multi-year phase-out ends, redirecting focus to high-liquidity chains like Ethereum, Tron, Solana, and next-gen Layer 2s/Lightning Network.
- Affected chains hold minimal USDT: Omni (~$82M), BCH SLP (~$1M), Kusama (~$0.24M), EOS (~$4.2M), Algorand (~$0.84M).
- Move aims to boost efficiency and scalability.
✅ Key Takeaways:
- Operational Efficiency: Prioritizing developer-rich, scalable ecosystems.
- User Action Needed: Redeem or migrate USDT before Sept 1 to avoid token freeze.
- Strategic Shift: Tether bets on networks driving blockchain adoption.
👉 Are you holding USDT on these deprecated chains? Make sure to transfer to supported chains like Ethereum, Tron, or Solana before the September 1 deadline to avoid losing access!
