Tether

Tether to Discontinue Support for Kusama, Bitcoin Cash SLP, and Omni Layer

CryptocurrencyNews
··1 min read

Stablecoin issuer Tether, today announced it will discontinue its support for certain blockchains, including Kusama, Bitcoin Cash SLP, and Omni Layer.

Tether noted that one of the key factors for its decision is the level of interest and usage within the community for specific blockchains.

While Tether will no longer create new USD₮ tokens on these blockchains, the company said it remains committed to ensuring a smooth transition for existing token holders. Users who currently hold USD₮ on Kusama, Bitcoin Cash SLP, or Omni Layer will still be able to redeem and trade their tokens as usual.

The adjustments are set to take effect starting August 17, 2023. From this date, Tether will cease minting new USD₮ tokens on the specified blockchains. However, the company will continue to facilitate the redemption and trading of existing USD₮ tokens on these blockchains for at least the next 12 months.

Tether is the largest stablecoin issuer, while USDT is the most popular stablecoin by volume and marketcap.

  • bitcoinBitcoin (BTC) $ 66,999.00 0.17%
  • ethereumEthereum (ETH) $ 3,121.03 0.96%
  • tetherTether (USDT) $ 1.00 0%
  • bnbBNB (BNB) $ 578.06 0.34%
  • solanaSolana (SOL) $ 173.48 2.79%
  • usd-coinUSDC (USDC) $ 1.00 0.02%
  • staked-etherLido Staked Ether (STETH) $ 3,118.13 0.98%
  • xrpXRP (XRP) $ 0.521685 0.46%
  • the-open-networkToncoin (TON) $ 6.43 2.88%
  • dogecoinDogecoin (DOGE) $ 0.153786 1.12%
  • cardanoCardano (ADA) $ 0.482414 0.15%
  • shiba-inuShiba Inu (SHIB) $ 0.000025 0.54%
  • avalanche-2Avalanche (AVAX) $ 37.27 2.43%
  • tronTRON (TRX) $ 0.123142 1.24%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 67,063.00 0.23%
  • polkadotPolkadot (DOT) $ 7.16 0.52%
  • chainlinkChainlink (LINK) $ 16.27 0.51%
  • bitcoin-cashBitcoin Cash (BCH) $ 475.68 1.97%
  • nearNEAR Protocol (NEAR) $ 7.93 0.91%
  • matic-networkPolygon (MATIC) $ 0.710274 0.58%
  • litecoinLitecoin (LTC) $ 83.94 0.14%
  • internet-computerInternet Computer (ICP) $ 13.30 1.6%
  • uniswapUniswap (UNI) $ 7.92 5.11%
  • fetch-aiFetch.ai (FET) $ 2.29 2.86%
  • daiDai (DAI) $ 0.999538 0.03%
  • leo-tokenLEO Token (LEO) $ 5.89 0.15%
  • ethereum-classicEthereum Classic (ETC) $ 28.57 1.26%
  • hedera-hashgraphHedera (HBAR) $ 0.115033 0.4%
  • pepePepe (PEPE) $ 0.000010 6.51%
  • render-tokenRender (RNDR) $ 10.13 0.11%
  • aptosAptos (APT) $ 8.61 0.14%
  • wrapped-eethWrapped eETH (WEETH) $ 3,239.51 1.01%
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00 0.09%
  • immutable-xImmutable (IMX) $ 2.38 0.66%
  • cosmosCosmos Hub (ATOM) $ 8.67 0.13%
  • crypto-com-chainCronos (CRO) $ 0.124911 0.78%
  • filecoinFilecoin (FIL) $ 5.84 0.88%
  • mantleMantle (MNT) $ 0.976219 3.01%
  • stellarStellar (XLM) $ 0.108277 0.6%
  • arweaveArweave (AR) $ 47.26 0.58%
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,067.18 1.04%
  • okbOKB (OKB) $ 50.22 0.21%
  • blockstackStacks (STX) $ 2.07 1.9%
  • the-graphThe Graph (GRT) $ 0.312116 2.15%
  • kaspaKaspa (KAS) $ 0.123532 1.57%
  • optimismOptimism (OP) $ 2.56 0.79%
  • arbitrumArbitrum (ARB) $ 1.02 0.75%
  • makerMaker (MKR) $ 2,815.64 1.34%
  • bittensorBittensor (TAO) $ 383.39 0.04%
  • vechainVeChain (VET) $ 0.035497 1.58%

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