Tether Pulls the Plug: USDT Faces Sunset on Omni & Other Networks in Strategic Shakeup

Tether just dropped a tactical nuke on its own infrastructure—USDT is getting axed from Omni and several other blockchains. No more multi-chain sprawl. No more legacy baggage. Just a ruthless focus on efficiency.

Why now? Because even stablecoin giants get bloated. The move streamlines operations, but leaves some networks scrambling to fill the liquidity hole.

Finance purists will call it 'pruning.' Crypto degens will scream 'centralization.' Everyone else will just watch the gas fees dance.

Bonus jab: Another 'stable' move that’s really about cutting costs—because nothing says 'trust the peg' like sunsetting your own infrastructure.

A calculated retreat with wider ripple effects

Tether’s decision to sunset USDT support on Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand doesn’t just tidy up its backend. It marks the end of the line for chains that once underpinned major phases of the stablecoin’s early rise. Omni, the original home of USDT, processed over $7 million worth of transactions across testnet applications and attracted more than 400,000 users in its heyday.

EOS, despite its controversies, once boasted monthly user figures north of 30 million, driven in part by integrations with platforms like MetaMask. Even so, sustained usage on these networks has plummeted, prompting Tether to formally pull the plug on redemptions and freeze tokens by September.

“Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption,” Tether CEO Paolo Ardoino said.

The fallout extends beyond infrastructure. Projects built on these chains now face hard choices: migrate liquidity, lobby for alternative stablecoins, or risk isolation. Tether has given users until September 1 to redeem or migrate holdings, but the clock is ticking for ecosystems to prove their relevance.

Meanwhile, Tether continues to double down on Layer 2 networks like Lightning and active ecosystems such as ethereum and Tron, which already host the vast majority of USDT supply. The company now issues USDT across a dozen networks, including Solana, Polkadot, Avalanche, and TON, but has made clear that the days of maintaining low-volume chains are over.