Tether announced that it will stop supporting Omni, Kusama, SLP, EOS, and Algorand blockchains by September 2025, prioritizing community preferences and security. Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will stop supporting USD₮ and EUR₮ on the Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025.
Community-driven decision making
Tether emphasizes that community opinion plays a vital role in the decision-making process. The company evaluates multiple factors, including cybersecurity, customer support, compliance, and oversight to ensure user safety and sustainability. This strategic shift aims to allocate resources to enhance security and efficiency while supporting innovation in the cryptocurrency space.
Previous announcements
Last year, Tether announced that it would stop supporting stablecoins implemented by Omni, Kusama, and SLP. Earlier this year, the company expanded this decision to include the EOS and Algorand blockchains. The latest update provides detailed steps for discontinuing support for USD₮ and EUR₮ on these blockchains.
Key Dates and Actions
Starting September 1, 2025, Tether will no longer be exchanged for USD₮ or EUR₮ on Omni, Kusama, SLP, EOS, and Algorand. On the same day, Tether will freeze all remaining USD₮ and EUR₮ on these blockchains. Tether customers holding USD₮ and EUR₮ on these blockchains are advised to redeem them as soon as possible. Alternatively, they can request that these stablecoins be issued on a supported blockchain under Tether’s terms of service. Non-customers can seek to migrate their stablecoin holdings to supported blockchains through available service providers.
Future Impact
The move underscores Tether’s commitment to driving a strong and innovative blockchain ecosystem. By prioritizing community preferences and focusing on security and efficiency, Tether aims to pave the way for a more sustainable and democratized financial system. The company’s decision to discontinue support for certain blockchains highlights the dynamic nature of the cryptocurrency industry and the importance of the ability to adapt in maintaining a secure and efficient ecosystem.
For more information, see the official announcement on tether.io.
