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Tether: Five "low liquidity old chains" will cease circulation of USDT, including EOS, Algorand..
Tether will stop the redemption and issuance of USDT on Omni, BCH SLP, Kusama, EOS, and Algorand on September 1, 2025, signaling a "precise focus" for the USDT stablecoin ecosystem. (Background: The largest Bitcoin Miner dreams of partnering with Tether to introduce renewable energy mining with South American agricultural company Adecoagro.) (Context: Tether in big trouble! A US judge rules: allows Celsius to pursue $4 billion in Bitcoin.) Tether announced that it will close the issuance and redemption of USDT on the Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains on September 1, 2025, and any tokens not migrated will be frozen. Why say goodbye to Omni Layer? Once the earliest blockchain to carry USDT, it now has a circulation value below $100 million; Bitcoin Cash SLP and Kusama are even lower than $1 million. Tether pointed out that this move is part of a "strategic infrastructure review," focusing on "resource optimization." CEO Paolo Ardoino emphasized: "Terminating support for old chains helps the company focus on key platforms to promote stablecoin adoption." According to Tether's official announcement and third-party statistics, maintaining low-activity chains not only occupies development and compliance resources but also increases operational costs. Users holding USDT on the affected chains must complete USDT redemption before September 1, 2025, or transfer it to supported chains such as Ethereum, Tron, and Solana through exchanges or cross-chain bridges. Focusing firepower In the future, Tether will concentrate on high liquidity mainchains such as Ethereum and Tron, and evaluate Layer 2 solutions like Lightning to enhance transaction speed and cost efficiency. On the other hand, the EU MiCA regulations are becoming increasingly strict regarding transparency and reserve requirements, and some European exchanges have restricted the circulation of USDT. Tether has chosen to focus its efforts on chains with the most community and developer momentum to respond to compliance pressures. Related reports Perspective: Holding ETH is the best strategy to benefit from the stablecoin wave. What to do when Taiwanese crypto derivatives users move overseas in 2025? Stablecoins must maintain financial sovereignty. <Tether: Five "low liquidity old chains" will terminate USDT circulation, including EOS and Algorand...> This article was first published in BlockTempo, the most influential blockchain news media.