Tether stops USDT support in bitcoin – Bits Media

Tether company, The issuer of the largest stablecin USDT, announced the cessation of support for her brainchild on the Bitcoin blockchain, as well as in Bitcoin Cash and Kusama networks.

The official message on the Tether website says, that the reason for the solution was low popularity USDT on these networks. Moreover, company representatives emphasize: Tether constantly monitors various parameters and disables support for certain blockchains only with a long -term absence of “signs of popularity restoration”.

“We believe, that the market itself must decide, What protocols and blockchains should be used to transfer funds. We will continue to support those protocols and networks, which are recognized by the community useful and support the development of the use of USDT on any protocol ", - says Tether's statement.

USDT release on omni blockchains, Bitcoin Cash and Kusama is stopping today. At the same time, the company promises to redeem stablecoins from these networks during 12 months. Besides, Users will be able to exchange their tokens on any exchanges supporting them.

It was the Omni bitcoin network that became the first, on which USDT appeared in 2014 year. but, In recent years, the use of this blockchain to move stablecoins has practically naught. Now the leaders in terms of transaction volume Tether are Ethereum and Tron networks.

In early August, Tether reported
About the imminent issue of, which will facilitate the management of Asic Mainers and will make bitcoins the production of more efficient.