Why Tether Just Ghosted Your Legacy USDT – Drama, Drama Everywhere! 💸💥

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So, here’s the tea: Tether has officially decided to stop freezing USDT on Omni, BCH SLP, Kusama, EOS, Algorand, and basically all those legacy chains you thought were oh-so-vintage. 🙃 But don’t get too excited – your precious tokens are now “unsupported,” which is finance-speak for “we’re not really acknowledging you anymore, but hey, you can still shuffle them around if you want.” It’s like being invited to the party but told you have to stand outside with the rejects. 🎉🚪

they were going to freeze USDT and cut off redemptions on those legacy networks come September 1, 2025. The plan was simple: freeze, no more fun with tokens.

But then reality checked in-users and devs started a mini revolt. So instead of slamming the door shut, Tether decided, “Fine, you can keep your tokens, but don’t expect any love (or official backing) from us.” Now those tokens are stuck in a financial purgatory that’s about as comforting as a wet sandwich. 🥪💀

“While users will still be able to transfer the tokens between wallets, Tether will discontinue direct issuance and redemption on these blockchains. This means the tokens will no longer be officially supported as other Tether tokens,” the USDT heavyweights formally stated, with all the enthusiasm of someone announcing “we ran out of coffee.” ☕️

A strategic pivot, not a retreat (or is it?)

Walking back the freeze? Genius move-or panic mode? The developers and users on EOS and Algorand made it clear that frosty silence wasn’t going to fly without some brand damage. So, Tether took a step back to avoid looking like the villain in a soap opera nobody wants to watch.

This “revised approach,” as the corporate memo calls it, is basically the perfect compromise: shed the headache of supporting chains nobody talks about at crypto parties, while not triggering an angry mob throwing flaming torches at their virtual HQ. 🔥🪓

But don’t get comfy thinking Tether’s slowing down. Just a day before this drama, they hyped up their shiny new plan to launch native USDT on Bitcoin using something called the RGB protocol. Sounds fancy, right? Basically, it means they’re betting on Bitcoin’s security like it’s the superhero cape they always wanted, rather than relying on fragile bridges that might collapse faster than your WiFi during a Zoom call. 🦸‍♂️📉

Meanwhile, the stablecoin superstar is already flexing across Ethereum and Tron (hello, $80 billion+ playgrounds!), and hangs out on the smaller but trendy platforms like Solana, Avalanche, Celo, and Cosmos. Talk about the popular kids table!

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2025-08-29 22:29