Stablecoin giant Tether announced on Thursday that it has discontinued USDT support for three blockchains, on which the token “lacks significant traction.”
Those chains include Bitcoin’s Omni Layer, Bitcoin Cash’s Simple Ledger Protocol (SLP), and Kusama.
No Signs Of Omni Adoption
As explained on Tether’s website on Thursday, community interest is a “key factor” in deciding whether or not the company will bring USDT to a particular network.
“If a blockchain lacks significant traction over an extended period and shows no signs of recovery in usage indicators, maintaining support becomes inefficient and may jeopardize security and oversight,” wrote Tether.
To the firm’s dismay, this appears to be the case with Omni – a smart contract layer built on top of Bitcoin to enable smart contracts and tokenization on the network roughly a decade ago. In 2014, Omni became the “first transport layer” for Tether, playing a “crucial role” in the company’s early journey
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