Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision was the level of community interest in these projects, declaring that maintaining support for projects without traction was “inefficient and may jeopardize security and oversight.”
Tether to Withdraw Support for USDT Issued on Top of Omni, Kusama, and Bitcoin Cash
Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced a “strategic transition,” discontinuing support for USDT tokens issued on top of Bitcoin-based protocol Omni, Kusama, the Bitcoin Cash-based Simple Ledger Protocol (SLP).
In a press release, Tether explained these actions are directed to maintain “a robust blockchain ecosystem for USDT” and derived from an evaluation of “the effort required, encompassing securi
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