Tether, the largest stablecoin issuer, will cease USDT and EURT support on multiple blockchains by September 1, 2025. Tether says the move aims to improve security and efficiency.
Tether announced on Thursday that it will no longer accept redemption of USDT or EURT on Omni, Kusama, SLP, EOS, and Algorand from September 2025.
The company will freeze all remaining USDT and EURT on these networks on the same date. Users are advised to redeem their holdings promptly.
"Holders who are not customers may seek to migrate their USDT and EURT holdings to a supported blockchain," the blog post reads.
Background and impact
Tether initially announced the changes in mid-June. The move aims to balance maintainability and community interest.
Tether supports its stablecoins on Ethereum, TRON, Solana, and Tezos, among others, besides Omni, Kusama, SLP, EOS, and Algorand.
According to DefiLlama, Tether’s USDT stablecoin dominates 69% of the market, valued at $112.3 billion.
The decision comes as Tether faces regulatory challenges in Europe. The Markets in Crypto Assets Regulation (MiCA) led to USDT being delisted from several platforms.
Tether CEO Paolo Ardoino noted that MiCA "contains several problematic requirements" for the company.
