Tether is ending support for USDT and EURT on some networks

[Faisal2202]

The end day is September 1, 2025. If you have USDT and EURT on those networks, it is better you move your USDT and EURT to other networks instead.

Tether will no longer be obligated to accept redemption of USD₮ or EUR₮ on Omni, Kusama, SLP, EOS and Algorand starting on September 1, 2025.
Tether will freeze all remaining USD₮ and EUR₮ on Omni, Kusama, SLP, EOS and Algorand on September 1, 2025.

https://tether.io/news/tether-provides-an-update-on-prioritizing-community-preferences-for-blockchain-support-in-strategic-shift/

I don't have any of these stable coins on these networks though. is this a good news or bad news for these projects I mean the adoption will decrease or increase this way? I think it's a bad news for these projects and but the deadline is too big that it won't hurt the prices movements of these alts in this alt season.

As I think till we meet the deadline for these networks the alt season will be ended already. Thanks for sharing the news though at least other stable currencies would be live on these networks.

[Rruchi man]

Thanks for sharing the news though at least other stable currencies would be live on these networks.

Ripple are already pushing for RLUSD which should be a stable coin, and it has been confirmed to pass New York Department of Financial Services (NYDFS) approval.

In January, we will know more.

[bitmover]

I though Tether already stop supporting Omni Layer (which use Bitcoin blockchain) many years ago, but i guess my memory is wrong. It's still a year away, so i expect most people already move their USDT or EURT by then. Although it also shows how much usage of these altcoin have fallen, especially EOS which was hyped so much few years ago.

You can still see some USDT transactions in many blocks in omni explorer
https://omniexplorer.info/

USDT used to be almost all-in in the omni network. I think it is sad to see it is basic abandoned now as it moved to other networks.

Maybe in the future with the development of runes/ordinals, USDT may come back to the bitcoin network

[ABCbits]

I though Tether already stop supporting Omni Layer (which use Bitcoin blockchain) many years ago, but i guess my memory is wrong. It's still a year away, so i expect most people already move their USDT or EURT by then. Although it also shows how much usage of these altcoin have fallen, especially EOS which was hyped so much few years ago.

You can still see some USDT transactions in many blocks in omni explorer
https://omniexplorer.info/

USDT used to be almost all-in in the omni network. I think it is sad to see it is basic abandoned now as it moved to other networks.

Maybe in the future with the development of runes/ordinals, USDT may come back to the bitcoin network

Looking at that explorer, the TX volume is lower than i expected. Anyway, OmniLayer use OP_RETURN (similar with what Runes does) so i doubt it's comeback on Bitcoin mainnet network. At best, we could use USDT on Liquid Network (Bitcoin sidechain).

[bitmover]

Looking at that explorer, the TX volume is lower than i expected. Anyway, OmniLayer use OP_RETURN (similar with what Runes does) so i doubt it's comeback on Bitcoin mainnet network. At best, we could use USDT on Liquid Network (Bitcoin sidechain).

Liquid network is more abandoned than omni layer , sadly.

I still see ERC-20 USDT the more widely adopted used among exchanges. Even with high fees, you are always safe to transfer USDT as erc-20 to basically any exchange.

[philipma1957]

I though Tether already stop supporting Omni Layer (which use Bitcoin blockchain) many years ago, but i guess my memory is wrong. It's still a year away, so i expect most people already move their USDT or EURT by then. Although it also shows how much usage of these altcoin have fallen, especially EOS which was hyped so much few years ago.

I think it's necessary for Tether to focus more on the truly vibrant and valuable ecosystems in the market. For those ecosystems that have been forgotten, DeFi hasn't really developed, and USDT should be returned to larger ecosystems like Ethereum.

The increase in USDT marketcap on Ethereum might be hinting at the upcoming explosion of major trends within this ecosystem, such as DeFi or RWA. It could also be accompanied by whales accumulating more ERC-20 tokens before the official altseason begins.

Ethereum set back crypto bigly with its switch to POS. It may never fully recover from doing that. Time will tell but support is weak do to the lack of gpu mining.

A poor choice by mr v.  especially with trump and pro oil forces back in power.

Eth may stay hurt until 2028.  I wonder if usdt finds other coins for support. Solana comes to mind.

[ABCbits]

Looking at that explorer, the TX volume is lower than i expected. Anyway, OmniLayer use OP_RETURN (similar with what Runes does) so i doubt it's comeback on Bitcoin mainnet network. At best, we could use USDT on Liquid Network (Bitcoin sidechain).

Liquid network is more abandoned than omni layer , sadly.

I may miss something, but Liquid network explorer (such as https://liquid.network/) shows higher transaction activity compared with OmniLayer.

I still see ERC-20 USDT the more widely adopted used among exchanges. Even with high fees, you are always safe to transfer USDT as erc-20 to basically any exchange.

I agree, ETH remains popular and fairly stale compared with other altcoin.

[bitmover]

Looking at that explorer, the TX volume is lower than i expected. Anyway, OmniLayer use OP_RETURN (similar with what Runes does) so i doubt it's comeback on Bitcoin mainnet network. At best, we could use USDT on Liquid Network (Bitcoin sidechain).

Liquid network is more abandoned than omni layer , sadly.

I may miss something, but Liquid network explorer (such as https://liquid.network/) shows higher transaction activity compared with OmniLayer.

Basically only transactions in the last 8 blocks were coinbase transactions (except for 4 transactions in the past block)

[Faisal2202]

Ripple are already pushing for RLUSD which should be a stable coin, and it has been confirmed to pass New York Department of Financial Services (NYDFS) approval.

In January, we will know more.

Oh really! that's a good news for XRP investors, TBH I am not speculating XRP, SUI etc. because In my sight they already made huge pumps and now they don't stand a chance while investments should be made in other tokens now. But news and developments like these are so bullish but I wonder what XRP is planning to do.

Is it planning to flip the M.Cap of ETH now haha I know that's now possible but the project has really outperformed and these developments will can easily pump the token.