Ah, dear reader, gather ’round and heed this news, for Tether hath decreed that USDT shall no longer sully the good names of Omni Layer, Bitcoin Cash’s Simple Ledger Protocol, Kusama, EOS, and Algorand. ‘Tis a divorce most amicable, for on September 1, 2025, the tokens shall be frozen, and the redemptions and minting shall cease. 💔
- The reason, dear reader, is quite simple: the usage of USDT on these networks hath declined most precipitously over the past two years. One might say, with a wink and a nod, that they have fallen out of favor. 😏
- Tether, in its infinite wisdom, hath decided to focus on the newer, more fashionable blockchains, and the Layer 2 networks, where the grass is greener, and the scalability is greater. 🌟
- And so, dear reader, if thou holdest USDT on one of these five blockchains, thou art advised to redeem thy tokens with all due haste, lest they be frozen in perpetuity. ⏰
But fear not, dear reader, for Tether hath a plan most ingenious. The firm shall redirect its focus to the Lightning Network, and to newer blockchains that promise faster settlement and richer developer tooling. ‘Tis a brave new world, indeed! 🌐
And, as a parting gift, Tether hath revealed that the lion’s share of its $156 billion fiat is currently circulating on Tron and Ethereum, with Solana being the only other network with more than 1% of USDT’s supply in circulation. Ah, the drama! The intrigue! 🤯
Thus, dear reader, we bid adieu to USDT on these five blockchains. May they rest in peace, and may Tether’s future endeavors be filled with success and stablecoin adoption. 🙏
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2025-07-12 18:50