The stablecoin issuer Tether has announced its plan to stop supporting USDT and EURT on multiple blockchain networks, effective from September 1, 2025.

Tether’s Strategic Decision

Tether, the largest stablecoin issuer by market capitalization, shared this update, stating that it will no longer accept redemption of USDT or EURT on Omni, Kusama, SLP, EOS, and Algorand. This decision is part of the company’s efforts to allocate resources in a manner that enhances security and efficiency while supporting ongoing innovation in the cryptocurrency landscape.

Key Dates and Actions:

  • Redemptions for USDT and EURT on the specified networks will cease on September 1, 2025.
  • All remaining USDT and EURT on these networks will be frozen on the same date.
  • Users are advised to redeem their holdings as soon as possible.

In their announcement, Tether mentioned, “Holders who are not customers may seek to migrate their USDT and EURT holdings to a supported blockchain through an available service provider in accordance with the terms of those providers.”

Background and Market Impact

Tether initially announced changes to its supported blockchain networks in mid-June, emphasizing the need to balance maintainability, usage, and community interest. Beyond the affected networks, Tether also supports its stablecoins on Ethereum, TRON, Solana, and Tezos, among others.

According to data from DefiLlama, Tether’s USDT stablecoin holds a 69% share of the stablecoin market, valued at $112.3 billion. This decision to cease support on multiple networks comes as Tether faces challenges in Europe. The new regulatory framework, Markets in Crypto Assets Regulation (MiCA), has already led to USDT being delisted from several trading platforms. Tether CEO Paolo Ardoino noted that MiCA “contains several problematic requirements” for the company.

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