- Tether has revealed a strategic change, discontinuing support for USDT on Kusama, Bitcoin Cash SLP, and Omni Layer.
- Effective from August 17, Tether will halt the minting of USDT-Omni, USDT-Kusama, and USDT-BCHSLP.
- Despite the halt, Tether will maintain the exchange of USDT-Omni, USDT-Kusama, and USDT-BCH-SLP for the following 12 months.
- This shift implies a focus on other platforms and aligns with evolving market demands.
- The change reflects Tether's adaptability and commitment to its users' needs in the cryptocurrency landscape.
- Tether announces the discontinuation of support for three blockchains - OmniLayer, BCH-SLP, and Kusama - for $USDt tokens.
- Users can still redeem and swap $USDt tokens to other supported blockchains, but Tether will not issue new $USDt on the mentioned blockchains.
- The decision is particularly impactful for Omni Layer, which served as the initial transport layer for Tether $USDt in 2014.
- Tether cites challenges faced by Omni Layer due to lack of popular tokens and the availability of $USDt on other blockchains.
- Tether emphasizes its commitment to the most secure and decentralized #blockchain , Bitcoin, and its contribution to the development of RGB - a state and smart contract system for Bitcoin's Layer 2 and 3.
- #RGB operates on both #Bitcoin L1 and the Lightning Network, promising scalability and a new era for digital assets.
- #Tether anticipates $USDt on RGB to provide a super-powerful and scalable layer for Bitcoin, with strong industry support.
