In a bold move that could reshape the stablecoin landscape, Tether has announced it will discontinue USDT support on five blockchains by September 2025. This Ethereum news highlights a major shift in the crypto ecosystem as Tether migrates to more active networks.
Why is Tether discontinuing USDT on these blockchains?
Tether’s decision to sunset USDT on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand stems from two key factors:
- Declining user engagement on these legacy networks
- High operational costs for maintaining low-volume chains
Which blockchains will support USDT after the migration?
Tether is focusing on three major networks for USDT support:
| Blockchain | Advantages |
|---|---|
| Ethereum | Robust developer ecosystem |
| Tron | High transaction efficiency |
| Solana | Low-cost transactions |
How can users migrate their USDT tokens?
Token holders have several options for migration:
- Transfer to centralized exchanges (Binance, Coinbase, Bybit) for automatic conversion
- Use Tether’s official redemption platform (minimum $100,000 with KYC)
- Utilize cross-chain bridges (requires technical knowledge)
What does this mean for the cryptocurrency market?
This move signals a significant consolidation in the stablecoin sector, with potential impacts on:
- Liquidity dynamics across different blockchains
- The competitive landscape between USDT and rivals like USDC
- The viability of smaller blockchain ecosystems
Frequently Asked Questions
What happens if I don’t migrate my USDT by September 2025?
Any remaining USDT on the discontinued chains will be permanently frozen and become irredeemable.
Can I still use USDT on Algorand after the deadline?
No, USDT on Algorand and the other four affected chains will no longer be supported or transferable.
Why is Tether keeping USDT on Tron but not EOS?
Tether is prioritizing chains with higher transaction volumes and better developer activity, which currently favors Tron over EOS.
Will this affect the price of Ethereum or other cryptocurrencies?
While Ethereum’s price saw a brief dip after the announcement, long-term effects will depend on how smoothly the migration proceeds and where users ultimately move their funds.
