Tether, the operator of the world’s largest stablecoin, has introduced plans to disable USDT assist on 5 legacy blockchains citing a shift within the firm’s enterprise technique. This improvement comes as Tether goals to broaden assist for layer-2 blockchains which present excessive potential of adoption and ecosystem progress.
Tether To Finish USDT Help On Omni Layer, Algorand, Others
In a information publish on July 11, Tether shared plans to scrap USDT operations of 5 blockchains specifically – Omni Layer, Bitcoin Money SLP, Kusama, EOS, and Algorand. The stablecoin issuer which operates out of the British Virgin Islands has attributed this choice to a strategic infrastructure evaluate.
Tether explains that terminating USDT assist on these legacy blockchains goals at aligning with evolving person conduct and shifting efforts in the direction of rising dominance of extra scalable, actively developed blockchain ecosystems. It’s price noting that this choice was made following a deep examine of blockchain utilization knowledge, market tendencies and useful stakeholder group suggestions.
Paolo Adoino, CEO of Tether, shares extra perception on newest directive saying,
Because the digital asset ecosystem evolves, Tether stays dedicated to adapting alongside it; sunsetting assist for these legacy chains permits us to concentrate on platforms that provide larger scalability, developer exercise, and group engagement — all key parts for driving the following wave of stablecoin adoption.
The Omni Layer, specifically, holds historic significance as the primary protocol used to launch the USDT in 2014. Nevertheless, utilization on Omni and comparable networks has sharply dropped, with consideration shifting to versatile alternate options like Ethereum and Tron, thereby backing the market shift from the underutilized blockchains.
Moreover, Tether’s directive additionally displays a rising dedication to Layer 2 options e.g. the Lightning Community, which provide enhanced transaction throughput and decrease charges. The stablecoin operator plans to broaden USDT utility throughout new-generation blockchains that present robust potential for scalability, and person progress.
All Tether prospects are suggested to redeem their USDT holdings on Omni Layer, Algorand and different affected blockchains earlier than a set deadline of September 1. Alternatively, they will transfer their USDT to supported blockchains utilizing any accessible service supplier.
USDT Hits New Market Cap Excessive
In different information, USDT’s market cap surged to a brand new report worth at $159.1 billion following a bullish buying and selling week. Because the begin of Q3 2025, Tether’s product has added one other $1.51 billion to its market shares solidifying its place as the most important stablecoin and third largest cryptocurrency on the planet.
In the meantime, Circle’s USDC stays in second place following a commendable 81.42% rise in adoption over the previous month pushing its market cap worth to $63.51 billion.
Featured picture from Yellow Card Academy, chart from Tradingview
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our workforce of prime know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.