Tether has reversed his decision to freeze USDT smart contracts on five blockchains, saying that tokens on these networks will remain transferable, although no longer supported for the program or buyout.
The main dishes to remember:
- Tether will no longer freeze USDT on five blockchains, but put an end to the show and redemption.
- The affected networks, including the Omni layer and EOS, represent a small part of the total traffic of the USDT.
- Tether focuses on high -demand ecosystems like Ethereum and Tron, where most USDT activities are now performing.
The Stablecoin transmitter made this announcement on Friday, quoting the comments of the participants in the ecosystem. The affected chains are Omni Layer, Bitcoin Cash SLP, Kusama, Eos and Algorand.
“Tether has revised this approach and will not freeze intelligent contracts on these networks,” said the company, adding that users will always be able to move their tokens, but they will not be officially taken care of in the future.
Tether’s abolition hits the Omni layer with $ 82.9 million in USDT circulation
The change affects a relatively small part of the total imprint of the USDT. Omni Layer, formerly a main vehicle for Tether, currently has $ 82.9 million in USDT circulation.
According to Defillama, EOS is $ 4.2 million, while the remaining networks each hold less than $ 1 million.
Tether began to reduce the support of these channels in 2023, interrupting the new program on Omni, Kusama and Bitcoin Cash SLP last August.
EOS and Algorand followed in June 2024. The revised position of the company maintains the transfers of functional tokens, but confirms that it will not resume the strike or the redemptions.
The decision reflects Tether’s strategy to focus on chains with high demand and strong developer ecosystems.
Ethereum and Tron remain its largest poles, with $ 72.4 billion and $ 80.9 billion from the USDT issued, respectively.
The BNB channel holds $ 6.78 billion, while more recent channels like Arbitrum, Base and Solana gain ground, although they are more closely linked to the Stablecoin USDC Rival.
The Stablescoin sector increased to $ 285.9 billion, USDT and USDC dominating $ 167.4 billion and $ 71.5 billion respectively.
The act of genius defended by Trump increases the push for the stables of the dollar
The change also occurs while the management of American policy for stablescoins is gaining momentum. The recent adoption of the Act on Engineering, signed by President Trump, aims to cement the domination of the dollar by supporting the stablecoins of the dollar in the world markets.
The Treasury Department expects the stable market to exceed 2 billions by 2028, a projection which puts more emphasis on liquidity, interoperability and regulatory alignment through the ecosystem. Tether’s latest movement underlines a pragmatic change towards this future.
As indicated, Ripple CEO Brad Garlinghouse said that the Stablescoin sector was ready for explosive growth, projecting the market could ball of its current capitalization of $ 250 billion up to 2 dollars in the near future.
“Many people think that he will reach $ 1 to 2 billion in a handful of years,” said Garlinghouse, adding that Ripple is positioned to benefit from this trajectory.
Meanwhile, Western Union is positioned for a new digital transformation phase, signaling a strong interest in using stalins to modernize its global operations on funding.
The CEO Devin McGranahan explained how stablecoins could rationalize cross -border transfers, improve the conversion of currencies in poorly served markets and provide financial tools for populations with unstable local currencies.
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