The decision is due to declining usage of USDT on these networks over the past two years and as the company moves its focus to newer platforms such as Layer 2s.

Tether has decided to suspend USDT redemption on five blockchains. This includes Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand.

Online gambling activities have recently expanded. In the online casino landscape, the best crypto casinos are reshaping the ...

Tether will end USDT redemptions on five blockchains by September 1 to focus on networks with higher usage and better ...

The bottom line is that the more stablecoins are issued, the more Treasury bills are needed. Circle Internet Group, which ...

A new U.S. law threatens to cement the dominance of a shape-shifting dollar over the euro — and every other currency.

Stablecoin issuer Tether is ending support for USDT on five "legacy" blockchains after previously halting minting on those ...

Tether, the world’s largest stablecoin issuer, is ending support for five “legacy” blockchains — Algorand, Bitcoin Cash, EOS, Kusama, and Omni — in a move to ...

Tether is discontinuing USDt on five legacy blockchains, the company announced on July 11, which may decrease stablecoin utility and liquidity in those ecosystems.

However, fiat-backed stablecoins, which are backed by real-world assets, currently dominate the market. Tether’s USDT and Circle’s USDC, the two largest stablecoins, collectively account for more than ...

Tether will end USD₮ tether blockchain support for Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand by September 2025.

The market capitalization of the two largest stablecoins reached new records this week, a sign that capital flows into ...