Tether, the issuer of the largest stablecoin USDT, has announced that it will discontinue support for its token on several blockchains, including Omni and Algorand. This decision is driven by a number of factors related to changes in the crypto industry.
Reasons for Discontinuing USDT Support
Tether stated its plans to discontinue the support of USDT on the Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains by September 1, 2025. According to Tether's CEO Paolo Ardoino, "the company will continue to support protocols that the community finds useful and will discontinue USDT options on blockchains with low demand and outdated infrastructure."
Trends in the Crypto Industry
Ardoino noted that this decision reflects a general trend in the crypto industry towards focusing on technologically advanced platforms that can improve the stability and availability of digital assets. An example of this is the prior discontinuation of USDT support on the Omni Layer and other platforms.
User Recommendations
Tether advises users to move their USDT to supported networks, such as Ethereum or Tron, by September 1. This recommendation is aimed at ensuring better support and functionality for users.
The discontinuation of USDT support on several blockchains is a step driven by Tether's desire to adapt to changes in the crypto landscape. Users are encouraged to follow the company's guidance to ensure smooth access to their assets.
