Tether Shifts Focus to Layer 2s: USDT Support Ends on Omni, BCH, Kusama, EOS, and Algorand
Tether pulls the plug on five blockchains—Omni, Bitcoin Cash, Kusama, EOS, and Algorand—as it doubles down on Layer 2 solutions. The stablecoin giant’s pivot signals a brutal efficiency drive, leaving some chains in the dust.
Layer 2 or die: Tether’s ruthless consolidation
No more half-measures. The company’s ditching legacy chains to streamline operations, betting big on scalability. Traders shrug—liquidity’s already concentrated elsewhere anyway.
Another ‘strategic shift’ that smells like cost-cutting. But hey, at least the arbitrage bots will have fewer networks to exploit.