- Main event, leadership changes, market impact, financial shifts, or expert insights.
- Tether refocuses resources on scalable platforms.
- Minor impact on overall USDT circulation.
CEO Paolo Ardoino confirms Tether’s focus on scalable blockchains, impacting legacy chain users.
Tether has announced its plan to discontinue USDT on five blockchains: Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The decision comes after assessing blockchain usage data and consulting with stakeholders. CEO Paolo Ardoino states the choice allows a better focus on platforms offering scalability and community engagement.
“Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement.” – Paolo Ardoino, CEO, Tether
No new USDT will be issued on the affected blockchains after 2025, with tokens frozen. Tether emphasizes that most of its trading volume is already on Tron, Ethereum, Solana, Aptos, and TON, remaining unaffected.
This shift affects on-chain liquidity for the discontinued platforms, but major DeFi and CEX liquidity remain focused on unaffected blockchains. The company has not disclosed any direct funding reallocations.
Tether’s prior discontinuations of low-usage chains resulted in minimal market disruption. Governance tokens and native assets of the impacted networks may see minor short-term changes.
While regulatory and institutional responses have not been publicly detailed, market reactions indicate an acceptance due to the blockchains’ low USDT adoption. No major disruptions are expected among leading cryptocurrencies.
Tether’s strategic redirection this time focuses on networks with stronger developer activity and could lead to enhanced blockchain functionality and adoption. This move highlights a sustained trend in optimizing platform reliance for larger ecosystem benefits.
