Tether announced it will stop accepting redemption of USDT and EURT on Algorand, EOS, Omni, and Kusama blockchains starting September 1, 2025. The firm will also freeze the remaining tokens on these blockchains on the same date. This decision underscores Tether’s commitment to focusing on community preferences and blockchain development.
Users holding these stablecoins are advised to redeem their holdings soon or migrate them to a supported blockchain. This update follows Tether’s recent launch of USDT on the Ton blockchain and its partnership with UQUID to enhance USDT payments in the Philippines. These moves aim to solidify Tether’s position as an industry pioneer and intensify competition with rivals like Circle.
This strategic shift highlights Tether’s dedication to innovation and user-centric developments, emphasizing the firm’s long-term vision to lead in the blockchain ecosystem.
