Tether Pulls Plug On USDT Across Blockchain Ecosystem Including Bitcoin, Kusama, BCH

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Tether (CRYPTO: USDT) Thursday announced that it will discontinue its support for USDT on the Bitcoin (CRYPTO: BTC), Kusama (CRYPTO: KSM), and Bitcoin Cash (CRYPTO: BCH) blockchains. What Happened: The stablecoin issuer evaluated the current transport layers and determined their relevance in the blockchain ecosystem. The Omni Layer, which was Tether’s initial transport layer in 2014, played a pivotal role in its early stages. But it witnessed challenges due to the absence of popular tokens and the rise of USDT on other blockchains. This shift led to a noticeable decrease in USDT usage on Bitco…

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