Tether discloses timeframe for suspending USDT redemptions on multiple networks

Stablecoin issuer Tether has revealed plans to end support for USDT and EURT across multiple blockchain networks.

Tether, the largest stablecoin issuer by market cap, announced in a blog post on Thursday that after September 1, 2025, it will no longer be obligated to accept redemptions of its stablecoins USDT or EURT on Omni, Kusama, SLP, EOS and Algorand.

Tether said the decision to discontinue support is part of its commitment to allocate resources where they can maximize security and efficiency while supporting ongoing innovation across the crypto industry. In addition to halting redemptions, Tether will freeze all remaining USDT and EURT on these networks on the same day and advise users to redeem their holdings “as soon as possible.”

“Non-customer holders may migrate their USDT and EURT holdings to any supported blockchain through the available service provider, subject to the provider’s terms and conditions,” the announcement read.

Background and impact

Tether originally announced the change in supported blockchain networks in mid-June, citing a focus on balancing maintainability, usability, and community interest as the reason. In addition to the aforementioned networks, Tether also supports stablecoins such as Ethereum, TRON, Solana, and Tezos.

Tether’s USDT stablecoin accounts for 69% of the stablecoin market, worth $112.3 billion, according to data from DefiLlama.

The decision to drop support across multiple networks comes as Tether faces challenges in Europe, where USDT has already been delisted from several trading platforms due to the new regulatory framework, the Markets in Crypto Assets Regulation (MiCA), and Tether CEO Paolo Ardoino previously acknowledged that MiCA “contains some problematic requirements” for the company.

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