Tether has reversed his decision to freeze USDT intelligent contracts in five blockchains, saying that tokens in these networks will remain transferable, although they are no longer admitted for emission or redemption.
Key control:
- Tether will no longer freeze USDT in five blockchains, but has finished the broadcast and redemption in them.
- The affected networks, including the OMNI and EOS layer, represent a small part of the total USDT circulation.
- Tether focuses on high demand ecosystems such as Ethereum and Tron, where most USDT activity is now.
The Stablecoin sender made the announcement on Friday, citing comments from the ecosystem participants. The affected chains are Omni Capa, Bitcoin Cash SLP, Kusama, Eos and Algorand.
“Tether has reviewed this approach and will not freeze intelligent contracts in these networks,” the company said, added that users can still move their tokens, but they will not be officially compatible in the future.
Tether phase-out hits the OMNI layer with $ 82.9 million in USDT circulating
The change affects a relatively small portion of USDT’s total footprint. The OMNI layer, once a main vehicle for Tether, currently has $ 82.9 million in USDT.
EOS follows $ 4.2 million, while the remaining networks have less than $ 1 million, according to defilling.
Tether began to write down the support for these chains in 2023, stopping a new broadcast in OMNI, Kusama and Bitcoin Cash SLP last August.
EOS and Algorand followed in June 2024. The company’s revised position maintains functional tokens transfers, but confirms that it will not resume the mint or reimbursements.
The decision reflects Tether’s strategy to focus on chains with high demand and strong developer ecosystems.
Ethereum and Tron remain their largest centers, with $ 72.4 billion and $ 80.9 billion in USDT issued, respectively.
The BNB chain has $ 6.78 billion, while the newest chains such as the referee, the base and Solana are winning traction, although they are more closely linked to the rival of Stablocoin USDC.
The Stablecoin sector has grown to $ 285.9 billion, with USDT and USDC dominating at $ 167.4 billion and $ 71.5 billion, respectively, according to Coingecko.
The genius law backed by Trump increases the impulse of the United States for the Stablecoins dollar
The change also occurs when the political support of the United States for Stablcoins gains impulse. The recent approval of the Genius Law, signed by President Trump, aims to consolidate the domain of the dollar by supporting the stable of dollars in global markets.
The Treasury Department expects the Stablecoin market to exceed $ 2 billion by 2028, a projection that puts greater emphasis on liquidity, interoperability and regulatory alignment throughout the ecosystem. Tether’s last movement underlines a pragmatic change towards that future.
As reported, the CEO of Ripple, Brad Garlinghouse, said the Stablecoin sector is ready for explosive growth, projecting that the market could globalize from its current capitalization from $ 250 billion to up to $ 2 billion in the near future.
“Many people think it will reach $ 1 to $ 2 billion in a handful of years,” said Garlinghouse, and added that Ripple is positioned to benefit from that trajectory.
Meanwhile, Western Union is positioning for a new phase of digital transformation, indicating a great interest in the use of Stablecoins to modernize its global remittance operations.
The CEO Devin McGranahan has outlined how Stablecoins could optimize cross -border transfers, improve currency conversion into unattended markets and provide financial tools for populations that fight with unstable local currencies.
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