Tether, the company behind the world’s largest stablecoin, USDT, has announced it will cease issuing and redeeming USDT on five blockchains: Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Starting September 1, 2025, all remaining USDT tokens on these networks will be frozen.
The Omni network, a layer built on top of the Bitcoin blockchain, was the first to host USDT when it launched in 2014, predating Ethereum and other smart contract platforms. The other affected networks—Bitcoin Cash SLP, Kusama, EOS, and Algorand—were also used by Tether in its early days. However, trading volumes for USDT on these chains have significantly declined over the past two years.
Tether stated that it will focus on more actively used and technologically advanced blockchains moving forward. The company urged USDT holders on the affected networks to promptly transfer their assets to supported blockchains.
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Currently, the majority of USDT tokens are issued on the Tron, Ethereum, Solana, Aptos, and TON networks, which remain unaffected by this decision.
Tether’s move reflects its strategy to streamline operations and prioritize platforms with higher adoption and technical capabilities, ensuring a more efficient ecosystem for its stablecoin users.
