PANews August 29 news, according to the official blog, stablecoin issuer Tether today announced an update to its transition plan for five traditional blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether announced plans to stop redeeming and freezing USDT tokens on these traditional blockchains starting September 1, 2025, thereby gradually ceasing support. Based on feedback from these discontinued blockchain communities, Tether modified this approach and will not freeze the smart contracts on these networks. While users can still transfer tokens between wallets, Tether will stop the direct issuance and exchange of tokens on these blockchains. This means that these tokens will no longer be officially supported like other Tether tokens. Tether remains committed to a smooth transition and will continue to work with the community to ensure transparency and clarity throughout the process.
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Tether updates the transition plan for the old version of the Blockchain: smart contracts on these networks will not be frozen.
PANews August 29 news, according to the official blog, stablecoin issuer Tether today announced an update to its transition plan for five traditional blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether announced plans to stop redeeming and freezing USDT tokens on these traditional blockchains starting September 1, 2025, thereby gradually ceasing support. Based on feedback from these discontinued blockchain communities, Tether modified this approach and will not freeze the smart contracts on these networks. While users can still transfer tokens between wallets, Tether will stop the direct issuance and exchange of tokens on these blockchains. This means that these tokens will no longer be officially supported like other Tether tokens. Tether remains committed to a smooth transition and will continue to work with the community to ensure transparency and clarity throughout the process.