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Tether to Discontinue USDT on Five Blockchains to 'Refocus Resources'

Summary by Cointelegraph
Tether is discontinuing USDt on five legacy blockchains, the company announced on July 11, which may decrease stablecoin utility and liquidity in those ecosystems.
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Key points of the news: Tether announced that USDT support will cease in Algorand, Bitcoin Cash, EOS, Kusama and Omni as of September 1 by underutilization and underactivity. The company will prioritize layer 2 networks and emerging blockchains such as Lightning Network, which offer better scalability, interoperability and operational volume. Ethereum and Tron concentrate almost all USDT in circulation, while the five affected networks barely ad…

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USDT says goodbye forever to Omni, Bitcoin Cash, Kusama, EOS and Algorand. It is part of Tether’s updating strategy to adapt to the dynamic changes of the ecosystem. *** Tether announces definitive exit of Omni, Bitcoin Cash, Kusama, EOS and Algorand networks. The measure means that refunds will be suspended for those 5 block chains. USDT tokens remaining on those networks will be frozen as of September 1. The largest stable still runs in dozens…

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criptonoticias.com broke the news in on Friday, July 11, 2025.
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