Tether Reshapes USDT Support as It Ends Freeze on 5 Blockchains

Stablecoin issuer Tether has abandoned plans to freeze USDT smart contracts on five blockchains after receiving significant pushback from users, but the company is discontinuing support for these networks. Notably, Tether will no longer issue or redeem tokens on Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. The updated plan reflects a shift in Tether’s focus towards supporting blockchain ecosystems with higher developer activity and user demand.