Tether Shakes Up Crypto: USDT Support Ends on Omni, BCH, Kusama, EOS & Algorand—Layer 2s Take Priority
Tether just dropped a bombshell—five blockchain networks are getting cut off from USDT liquidity as the stablecoin giant pivots hard toward Layer 2 solutions. No more Omni, Bitcoin Cash, Kusama, EOS, or Algorand support. The message? Adapt or die.
Why the purge? Tether’s betting big on scalability. Layer 2 networks promise faster transactions and lower fees, while these older chains? They’re yesterday’s news—at least according to the world’s most controversial stablecoin issuer.
Expect chaos for projects still clinging to deprecated chains. Migrations, liquidity crunches, and the usual crypto drama. Meanwhile, Tether shrugs—another day, another unilateral decision that shakes the market. Just don’t call it centralization; they’d hate that.
Closing thought: When a company backing a ‘decentralized’ asset makes moves this heavy-handed, even TradFi bankers might blush. But hey—at least they’re not printing dollars today. Probably.