Tether Pulls Plug On USDT Across Blockchain Ecosystem Including Bitcoin, Kusama, BCH

Tether (CRYPTO: USDT) Thursday announced that it will discontinue its support for USDT on the Bitcoin (CRYPTO: BTC), Kusama (CRYPTO: KSM), and Bitcoin Cash (CRYPTO: BCH) blockchains. What Happened: The stablecoin issuer evaluated the current transport layers and determined their relevance in the blockchain ecosystem.

Timeline of Bitcoin-cash, Bitcoin, Tether

Based on a number of internal Analysis indicators, Tether Limited ceased supporting its flagship product USDT, the largest stablecoin, on three blockchains. Omni, the first platform USDT utilized since 2014, is also on the list.

Tether, the issuer of $82 billion market cap stablecoin USDT, has announced that it will discontinue support for three blockchains as part of a strategic transition aimed at meeting community demand and fostering innovation.

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Tether, one of the most renowned stablecoin providers, has announced the discontinuation of support for its flagship stablecoin, USDT, on the Bitcoin (BTC) blockchain, in an unexpected turn of events. Tether Transitions from Stablecoin Variants Tether gave the announcement in a release, stating that it would cease the issuance or “minting” of USDT tokens on

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