Tether, the operator of the world’s largest stablecoin, has announced plans to disable USDT support on five legacy blockchains citing a shift in the company’s business strategy. This development comes as Tether aims to expand support for layer-2 blockchains which show high potential of adoption and ecosystem growth.
Tether explains that terminating USDT support on these legacy blockchains aims at aligning with evolving user behavior and shifting efforts towards growing dominance of more scalable, actively developed blockchain ecosystems. It is worth noting that this decision was made following a deep study of blockchain usage data, market trends and valuable stakeholder community feedback. Paolo Adoino, CEO of Tether, shares more insight on latest directive saying,
As the digital asset ecosystem evolves, Tether remains committed to adapting alongside it; sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement — all key components for driving the next wave of stablecoin adoption.
