Tether’s U-Turn: USDT Unfrozen on Five Blockchains 😅

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Well, well, well, what do we have here? Tether, the company behind the ever-so-popular USDT, has decided to reverse its previous decision to freeze tokens on five blockchains by September 2025. I mean, who wouldn’t want to keep the party going? Users can still move their USDT between wallets on these networks, but no new tokens will be created or redeemed there. It’s like being invited to the dance but not allowed to bring any new friends or leave early.

– Tether (@Tether_to) August 29, 2025

Tether, in its infinite wisdom, listened to feedback from the communities that still use these blockchains and decided not to freeze the tokens. So, yes, you can still transfer USDT between wallets on these chains. However, Tether itself will stop issuing new tokens or redeeming old ones on them. In short, the tokens will remain usable for transfers, but they won’t be “officially supported” like USDT on major blockchains such as Ethereum or Tron. It’s like being the cool kid at school but not having a seat at the popular table.

In July 2024, Tether had announced it would completely stop supporting USDT on five blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. They said it was all going to end by September 1, 2025. The plan was to freeze all tokens on these networks so that users could no longer move them. But hey, plans change, right?

Tether’s Updated Strategy

This change shows how Tether has mapped out its strategy. They want to focus on ecosystems with active developers, strong user demand, and scalability. According to Defillama, most USDT activity happens on Ethereum and Tron, which hold over $80.9 billion and $72.4 billion worth of the stablecoin supply. Other popular chains include BNB Chain, Solana, Arbitrum, and Base. It’s like choosing the best seats in the cinema-front row, center, where all the action is.

Among the blockchains affected, Omni Layer will feel the biggest impact since it still holds about $82.9 million worth of USDT. The others have much smaller amounts. EOS has $4.2 million, and Bitcoin Cash SLP, Algorand, and Kusama each hold less than $1 million. It’s like being the last person to get picked for the team in gym class.

Tether has been planning to reduce support for these blockchains for two years. In August 2023, it stopped issuing new USDT on Omni Layer, Kusama, and Bitcoin Cash SLP. Then, in June 2024, it also stopped creating new tokens on EOS and Algorand. It’s a slow fade-out, like when you realize you’re the only one left dancing at the party.

Today, the overall stablecoin market is valued at about $285.9 billion. USDT leads with $167.4 billion in circulation, followed by USDC with $71.5 billion. Also, the U.S. Treasury expects the market to expand to $2 trillion by 2028. It’s a big, beautiful world out there, and Tether is just trying to stay on top of the heap. 🌟

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2025-08-30 10:30