August 29, 2025 – Tetherthe biggest firm within the digital asset ecosystem, right now introduced an replace to its migration plans for 5 legacy blockchains: OmniTier, Bitcoin Money SLP, Kusama, EOS and Algorand.
Greater than a yr in the past, in July 2024, Tether introduced plans to halt redemption of those legacy blockchains from September 1, 2025 and to curb help by freezing US greenback tokens.
Following suggestions from these discontinued blockchain communities, Tether revised this method, It will not freeze Sensible contracts on these networks.
Customers can nonetheless switch tokens between wallets, Tether will stop direct issuance and redemption of those blockchains. Which means that tokens will now not be formally supported as different tether tokens.
This choice coincides with Tether’s broader technique. It focuses on increasing help for ecosystems with probably the most highly effective developer exercise, scalability and person demand.
Tether is dedicated to a easy transition and can proceed to have interaction with the group to make sure transparency and readability all through this course of.
For different updates please go to https://tether.io
