Tether Updates Old Blockchain Transition Plan: Will Not Freeze Smart Contracts on the Network

BlockBeats News, August 29th, Stablecoin issuer Tether announced today an update to its transition plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether announced its plan to cease redemption and freezing of USDT tokens on these legacy blockchains starting on September 1, 2025, gradually phasing out support.

Based on feedback from the discontinued blockchain communities, Tether has modified this approach and will not freeze smart contracts on these networks. While users can still transfer tokens between wallets, Tether will cease direct issuance and redemption of tokens on these blockchains. This means these tokens will will no longer be officially supported like other Tether tokens. Tether remains committed to a smooth transition and will continue to collaborate with the community to ensure transparency and clarity throughout the entire process.