🚨NEW: @BinanceUS says it's suspending $USD deposits and notifying customers that their banking partners are preparing to pause fiat (USD) withdrawal channels as early as June 13th.
They are encouraging customers to take appropriate action with their $USD. Full statement👇#USDTfree #USDT
“#Binanc will gradually remove support for #USDTfree stablecoin on their platform. #BTCBreaksATH BUSD will always remain backed 1:1 by USD, and they will continue to support a wide range of other stablecoins.”
Tether, the issuer of the world's largest stablecoin, has announced that it will be removing support for USDT on five blockchains starting September 1, 2025:
• 🛑 Omni
• 🛑 Bitcoin Cash SLP
• 🛑 Kusama
• 🛑 EOS
• 🛑 Algorand
Why this decision? 🤔
• Low adoption and decreased activity on these networks over the past few years.
• Tether aims to simplify operations and focus on blockchains with greater efficiency, scalability, and active community.
• The goal is to optimize resources and enhance the adoption of USDT in more dynamic ecosystems.
What should users do? 🚨
• Redeem or migrate their USDT from these networks to supported blockchains as soon as possible.
• Starting September 1, 2025, redemptions will stop and remaining tokens on these five networks will be frozen.
Message from Tether CEO, Paolo Ardoino 🗣️
"By removing support on these chains, we focus on platforms with greater scalability, developer activity, and community engagement, driving the next wave of stablecoin adoption."
Remember!
🔄 Migrate your USDT in time to avoid inconveniences.
🌐 Tether will continue to invest in networks with higher usage, such as Ethereum, Tron, and new layer 2 solutions.