Tether Updates Old Blockchain Transition Plan: Will Not Freeze Smart Contracts on the Network

By: theblockbeats.news|2025/08/29 21:22:31

0

Share

copy

BlockBeats News, August 29th, Stablecoin issuer Tether announced today an update to its transition plan for five legacy blockchains: Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand. Over a year ago, Tether announced its plan to cease redemption and freezing of USDT tokens on these legacy blockchains starting on September 1, 2025, gradually phasing out support.

Based on feedback from the discontinued blockchain communities, Tether has modified this approach and will not freeze smart contracts on these networks. While users can still transfer tokens between wallets, Tether will cease direct issuance and redemption of tokens on these blockchains. This means these tokens will will no longer be officially supported like other Tether tokens. Tether remains committed to a smooth transition and will continue to collaborate with the community to ensure transparency and clarity throughout the entire process.

-- Price

You may also like

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

If it can really earn this much, what is the reason for the low price of $PUMP?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations

Investor Relations Practice Guide for Cryptocurrency Projects.

Who is the true winner of the "Tokenization" narrative?

Who is the true winner of the "Tokenization" narrative?

Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.

Moss: The Era of AI-Traded by Anyone | Project Introduction

Moss: The Era of AI-Traded by Anyone | Project Introduction

AI Trading Agent is rapidly growing its infrastructure.

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update

AI chips have become a strategic asset more sensitive than missiles

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K

When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?

Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis

The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon

Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition

When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer

Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1

The real enemy is no longer each other, but zero cost itself

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation

Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations

Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?

If it can really earn this much, what is the reason for the low price of $PUMP?

Popular coins

Latest Crypto News

00:01

Coatue is considering launching a new AI and Tech Fund

BlockBeats News, March 21st. According to Bloomberg, investment institution Coatue Management, managed by Philippe Laffont with assets under management of $70 billion, is preparing to launch a new fund focused on investing in both public and private artificial intelligence and tech innovation compan...

00:01

This week, the U.S. Ethereum spot ETF saw a total net outflow of $60 million, while the Solana ETF had a net inflow of $20.4 million

BlockBeats News, March 21, according to Farside monitoring data, this week the US Ethereum spot ETF saw a total net outflow of $60 million, while the Solana spot ETF saw a total net inflow of $20.4 million.

00:01

Whale Who Was «Shorting BTC Long-Term» Cancels $50,525 «Buy the Dip» BTC Limit Order

BlockBeats News, March 21st, according to HyperInsight monitoring, the "Long-Term BTC Short" whale (0x5d2f4) has revoked a $50,525 price "buy the dip" BTC limit order on Hyperliquid, still planning to buy 50 BTC when BTC falls to $53,525.This whale entered a 20x leveraged short position of 499.91 BT...

00:01

The probability of the Fed keeping interest rates unchanged in April has decreased to 93.8%.

BlockBeats News, March 21, according to CME's FedWatch tool, the probability of a 25 basis point rate hike by the Fed in April is currently 6.2%, while the probability of rates remaining unchanged is 93.8%.

22:42

Data: 2848.59 BTC transferred from an anonymous address, worth approximately 173 million USD

According to Arkham data, at 21:34, 2848.59 BTC (worth approximately 173 million USD) was transferred from one anonymous address (starting with bc1qww050...) to another anonymous address (starting with bc1q2ma4g...).