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Tether USDT to Cease Services on Five Blockchains, Redemption Halts Starting September 1

2025/07/13 23:07 (Updated 2025/07/14 12:00)
CoinPost
Written by L.Kikutani
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Tether USDT to Cease Services on Five Blockchains, Redemption Halts Starting September 1

Targeting Five Chains

Tether, the world's largest stablecoin issuer, has announced the termination of services on five 'legacy' blockchains. The affected chains are Algorand, Bitcoin Cash, EOS, Kusama, and Omni, with redemptions stopping and remaining tokens being frozen starting September 1.

In a statement, Tether's Chief Executive Officer Paolo Ardoino explained, 'Ending support for legacy chains allows us to focus on platforms that offer higher scalability, developer activity, and community engagement.' He emphasized that these factors are crucial for driving the adoption of the next generation of stablecoins.

Tether...

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Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.