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On August 29, 2025, Tether — the world’s largest stablecoin issuer announced an update to its transition plan affecting five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.
In July 2024, Tether said it would stop buying back and freeze USDT on these networks starting September 1, 2025. Following feedback from user communities, the company adjusted its approach: smart contracts will not be frozen.
This means users will still be able to transfer USDT between wallets on these blockchains. However, new issuance and redemption of tokens will stop, effectively ending official company support for them.
Tether explained the decision as part of its broader strategy to concentrate on ecosystems with strong developer activity, scalability, and user demand.
The company emphasized:
“Tether remains committed to a smooth transition and will continue to engage with the community to provide transparency and clarity throughout this process.”
Just a day earlier, Tether announced the launch of USDT on the RGB protocol, a new layer-two solution for issuing digital assets on Bitcoin. This will allow users to hold the stablecoin natively alongside BTC in compatible wallets, expanding utility and adoption.
Tether CEO Paolo Ardoino noted:
“The first cryptocurrency network deserves a native stablecoin.”
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