Tether, the operator of the world’s largest stablecoin, has announced plans to disable USDT support on five legacy blockchains citing a shift in the company’s business strategy. This development comes as Tether aims to expand support for layer-2 blockchains which show high potential of adoption and ecosystem growth.
Tether To End USDT Support On Omni Layer, Algorand, Others
In a news post on July 11, Tether shared plans to scrap USDT operations of five blockchains namely – Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The stablecoin issuer which operates out of the British Virgin Islands has attributed this decision to a strategic infrastructure review.
Tether explains that terminating USDT support on these legacy blockchains aims at aligning with evolving user behavior and shifting efforts towards growing dominance of more scalable, actively developed blockchain ecosystems. It is worth noting that this decision was made following a deep study of blockchain usage data, market trends and valuable stakeholder community feedback. Paolo Adoino, CEO of Tether, shares more insight on latest directive saying,
As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it; sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption.
The Omni Layer, in particular, holds historical significance as the first protocol used to launch the USDT in 2014. However, usage on Omni and similar networks has sharply dropped, with attention shifting to versatile alternatives like Ethereum and Tron, thereby backing the market shift from the underutilized blockchains. Furthermore, Tether’s directive also reflects a growing commitment to Layer 2 solutions e.g. the Lightning Network, which offer enhanced transaction throughput and lower fees. The stablecoin operator plans to expand USDT utility across new-generation blockchains that show strong potential for scalability, and user growth. All Tether customers are advised to redeem their USDT holdings on Omni Layer, Algorand and other affected blockchains before a set deadline of September 1. Alternatively, they can move their USDT to supported blockchains using any available service provider.
USDT Hits New Market Cap High
In other news, USDT’s market cap surged to a new record value at $159.1 billion following a bullish trading week. Since the start of Q3 2025, Tether’s product has added another $1.51 billion to its market shares solidifying its position as the largest stablecoin and third largest cryptocurrency in the world. Meanwhile, Circle’s USDC remains in second place following a commendable 81.42% rise in adoption over the past month pushing its market cap value to $63.51 billion.
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